Yantai Shuangta Food Co (SZSE:002481) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Yantai Shuangta Food 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. Yantai Shuangta Food Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Yantai Shuangta Food Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Yantai Shuangta Food Co is progressively becoming more dependent on debt to grow their business.

Yantai Shuangta Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yantai Shuangta Food 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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Yantai Shuangta Food Co LT-Debt-to-Total-Asset Chart

Yantai Shuangta Food 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

0.03

Yantai Shuangta Food 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															0.03	0.04	0.04	0.03	0.03

Yantai Shuangta Food Co LT-Debt-to-Total-Asset Calculation

Yantai Shuangta Food 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 )
	=	126.408	/	3804.58
	=	0.03

Yantai Shuangta Food 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 )
	=	137.881	/	4102.515
	=	0.03

Yantai Shuangta Food Co (SZSE:002481) 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.

Yantai Shuangta Food Co LT-Debt-to-Total-Asset Related Terms

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Yantai Shuangta Food Co (SZSE:002481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yantai Shuangta Food Co Ltd (SZSE:002481) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Jinling Town, Zhaoyuan city, Shandong province, CHN, 265404

Website

http://www.shuangtafensi.com

Yantai Shuangta Food Co Ltd is engaged in the production of vermicelli in China. The company's main products include pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fiber and edible fungus, among others.

Executives

Li Yu Lin	Directors, executives
Liu Shu Xian	Director
Ma Ju Ping	Supervisors
Yang Jun Min	Director
Sui Jun Mei	Directors, executives
Zhang Dai Min	Directors, executives
Ma Dian Yun	Supervisors
Zhao Xue Wei	Independent director
Li Na Jun	Securities Affairs Representative
Wang Mei Rong	Supervisors
Shao Wan Bin	Director

Yantai Shuangta Food Co (SZSE:002481) Headlines

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