Fujian Tianma Science and Technology Group Co (SHSE:603668) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Fujian Tianma Science and Technology Group Co 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. Fujian Tianma Science and Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Fujian Tianma Science and Technology Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.11). It may suggest that Fujian Tianma Science and Technology Group Co is progressively becoming less dependent on debt to grow their business.

Fujian Tianma Science and Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Tianma Science and Technology Group Co'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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Fujian Tianma Science and Technology Group Co LT-Debt-to-Total-Asset Chart

Fujian Tianma Science and Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.12

0.13

0.11

Fujian Tianma Science and Technology Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.11	0.11	0.11

Fujian Tianma Science and Technology Group Co LT-Debt-to-Total-Asset Calculation

Fujian Tianma Science and Technology Group Co'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 )
	=	968.526	/	9075.191
	=	0.11

Fujian Tianma Science and Technology Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	978.021	/	9063.216
	=	0.11

Fujian Tianma Science and Technology Group Co (SHSE:603668) 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.

Fujian Tianma Science and Technology Group Co LT-Debt-to-Total-Asset Related Terms

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Fujian Tianma Science and Technology Group Co (SHSE:603668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Tianma Science and Technology Group Co Ltd (SHSE:603668) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shangyu Town Industrial Zone, Fujian Province, Fuqing, CHN, 350308

Website

http://www.jolma.cn

Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.

Executives

Shi Hui Hong	senior management
He Teng Fei	senior management
Chen Jia Cheng	Director
Ye Song Qing	senior management
He Xiu Ming	Supervisors
Lin Jia Xing	Director
Deng Xiao Hui	senior management
Zheng Kun	Director
Ceng Li Li	Director
Chen Qing Tang	Director
Wu Jing Hong	Supervisors
Yao Jian Zhong	Supervisors
Zhang Jiao Lin	Directors, senior managers
Xu Meng Hua	senior management
Chen Yan Si	senior management

Fujian Tianma Science and Technology Group Co (SHSE:603668) Headlines

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