361 Degrees International (361 Degrees International) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is 361 Degrees International 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. 361 Degrees International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

361 Degrees International's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.02). It may suggest that 361 Degrees International is progressively becoming more dependent on debt to grow their business.

361 Degrees International LT-Debt-to-Total-Asset Historical Data

The historical data trend for 361 Degrees International'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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361 Degrees International LT-Debt-to-Total-Asset Chart

361 Degrees International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.01

0.02

361 Degrees International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.02	0.02

361 Degrees International LT-Debt-to-Total-Asset Calculation

361 Degrees International'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 )
	=	34.424	/	1829.816
	=	0.02

361 Degrees International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	34.424	/	1829.816
	=	0.02

361 Degrees International (OTCPK:TSIOF) 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.

361 Degrees International LT-Debt-to-Total-Asset Related Terms

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361 Degrees International (361 Degrees International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (OTCPK:TSIOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

01361:Hong Kong 36L:Germany

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

http://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.