China Foods (HKSE:00506) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is China Foods LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. China Foods's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

China Foods's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that China Foods is progressively becoming more dependent on debt to grow their business.

China Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Foods's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Foods LT-Debt-to-Total-Asset Chart

China Foods Annual Data

Trend

Dec14

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Dec17

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

China Foods Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

China Foods LT-Debt-to-Total-Asset Calculation

China Foods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	43.323	/	17747.226
	=	0.00

China Foods's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	43.323	/	17747.226
	=	0.00

China Foods (HKSE:00506) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

China Foods LT-Debt-to-Total-Asset Related Terms

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China Foods (HKSE:00506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » China Foods Ltd (HKSE:00506) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CFH:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.chinafoodsltd.com

China Foods Ltd is an investment holding company that operates in the beverage business. It offers twenty-four brands of products in eleven major types of beverages, which include sparkling drink, juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sports drink, plant-based protein drink, and alcoholic drink. Geographically, it derives the majority of revenue from Mainland China.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you

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