Beijing Shunxin Agriculture Co (SZSE:000860) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Beijing Shunxin Agriculture 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. Beijing Shunxin Agriculture Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Beijing Shunxin Agriculture Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.11). It may suggest that Beijing Shunxin Agriculture Co is progressively becoming less dependent on debt to grow their business.

Beijing Shunxin Agriculture Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing Shunxin Agriculture 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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Beijing Shunxin Agriculture Co LT-Debt-to-Total-Asset Chart

Beijing Shunxin Agriculture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.13

0.14

0.08

Beijing Shunxin Agriculture 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															0.14	0.15	0.17	0.08	0.11

Beijing Shunxin Agriculture Co LT-Debt-to-Total-Asset Calculation

Beijing Shunxin Agriculture 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 )
	=	1270.274	/	15367.166
	=	0.08

Beijing Shunxin Agriculture 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 )
	=	1536.973	/	14142.962
	=	0.11

Beijing Shunxin Agriculture Co (SZSE:000860) 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.

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Beijing Shunxin Agriculture Co (SZSE:000860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Beijing Shunxin Agriculture Co Ltd (SZSE:000860) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Zhan Qian Street (South), Shunyi District, Beijing, Beijing, CHN, 101300

Website

http://www.000860.com

Beijing Shunxin Agriculture Co Ltd is mainly engaged in bio brewing, meat processing, agricultural products, real estate, environment protection, water conservancy and ecological construction. Geographically the business activities are functioned through China.

Executives

Li Bao Yu	Supervisors
Zhang Hai Quan	Executives
Yang Wen Ke	Directors, executives

Beijing Shunxin Agriculture Co (SZSE:000860) Headlines

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