Fujian Sunner Development Co (SZSE:002299) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Fujian Sunner Development 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 Sunner Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Fujian Sunner Development Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.06). It may suggest that Fujian Sunner Development Co is progressively becoming more dependent on debt to grow their business.

Fujian Sunner Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Sunner Development 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 Sunner Development Co LT-Debt-to-Total-Asset Chart

Fujian Sunner Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

0.06

Fujian Sunner Development 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															0.04	0.05	0.06	0.06	0.06

Fujian Sunner Development Co LT-Debt-to-Total-Asset Calculation

Fujian Sunner Development 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 )
	=	1381.89	/	22512.732
	=	0.06

Fujian Sunner Development 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 )
	=	1346.847	/	23462.44
	=	0.06

Fujian Sunner Development Co (SZSE:002299) 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 Sunner Development Co LT-Debt-to-Total-Asset Related Terms

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Fujian Sunner Development Co (SZSE:002299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Sunner Development Co Ltd (SZSE:002299) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Office Building of Shengnong Headquarters, Shilipu, Guangze County, Fujian, Nanping, CHN, 354100

Website

http://www.sunnercn.com

Fujian Sunner Development Co Ltd is a China-based company engaged in the raising and processing of chickens. The main product is frozen chicken for the fast food industry and meat wholesalers. The company is engaged in poultry, fish, and bream farming.

Executives

Fu Guang Ming	Director
Chen Rong	Directors, executives
Lin Qi Qing	Executives
Fu Fen Fang	Directors, executives
Zhou Hong	Director
Fu Xi Ming	Directors, executives
Li Wen Ji	Directors, executives
Chen Jian Hua	Directors, executives, securities affairs represen
Yan Gao Rong	Supervisors
Zhang Yu Xun	Supervisors
Liu Ya Bin	Director
Ye Wei	Supervisors
He Xiu Rong	Director

Fujian Sunner Development Co (SZSE:002299) Headlines

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