Suofeiya Home Collection Co (SZSE:002572) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Suofeiya Home Collection 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. Suofeiya Home Collection Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Suofeiya Home Collection Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.07). It may suggest that Suofeiya Home Collection Co is progressively becoming less dependent on debt to grow their business.

Suofeiya Home Collection Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suofeiya Home Collection 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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Suofeiya Home Collection Co LT-Debt-to-Total-Asset Chart

Suofeiya Home Collection 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

0.09

0.11

0.06

Suofeiya Home Collection 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															0.11	0.11	0.07	0.06	0.07

Suofeiya Home Collection Co LT-Debt-to-Total-Asset Calculation

Suofeiya Home Collection 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 )
	=	910.76	/	14554.892
	=	0.06

Suofeiya Home Collection 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 )
	=	950.216	/	13327.868
	=	0.07

Suofeiya Home Collection Co (SZSE:002572) 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.

Suofeiya Home Collection Co LT-Debt-to-Total-Asset Related Terms

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Suofeiya Home Collection Co (SZSE:002572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suofeiya Home Collection Co Ltd (SZSE:002572) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Ningxi Industrial Park, Xintang Town, Zengcheng District, Guangdong Province, Guangzhou, CHN, 511358

Website

https://www.sfygroup.com/

Suofeiya Home Collection Co Ltd is a China-based company, engaged in manufacturing, development, and sale of customized wardrobes and other related furniture. It is also involved in providing other professional services such as design and installation in a timely manner.

Executives

Ke Jian Sheng	Director
Pan Wen Shan	Secretary, Director
Wang Biao	Directors, executives
Jiang Gan Jun	Director
Chen Guo Wei	Executives
Chen Jian Zhong	Executives
Chen Man Qi	Securities Affairs Representative
Zhang Ting	Executives
Chen Ming	Directors, executives

Suofeiya Home Collection Co (SZSE:002572) Headlines

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