Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Inner Mongolia Chevalese Dairy Group 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. Inner Mongolia Chevalese Dairy Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Inner Mongolia Chevalese Dairy Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.11). It may suggest that Inner Mongolia Chevalese Dairy Group Co is progressively becoming less dependent on debt to grow their business.

Inner Mongolia Chevalese Dairy Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Inner Mongolia Chevalese Dairy Group 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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Inner Mongolia Chevalese Dairy Group Co LT-Debt-to-Total-Asset Chart

Inner Mongolia Chevalese Dairy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.12

0.09

0.12

0.09

Inner Mongolia Chevalese Dairy Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	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															0.13	0.11	0.12	0.09	0.11

Inner Mongolia Chevalese Dairy Group Co LT-Debt-to-Total-Asset Calculation

Inner Mongolia Chevalese Dairy Group 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 )
	=	196.9	/	2215.426
	=	0.09

Inner Mongolia Chevalese Dairy Group 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 )
	=	227.912	/	2109.445
	=	0.11

Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) 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.

Inner Mongolia Chevalese Dairy Group Co LT-Debt-to-Total-Asset Related Terms

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Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inner Mongolia Chevalese Dairy Group Co Ltd (BJSE:832786) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Jianhua South Road, Floor 22, Building B, Building 2, Tianfu Plaza, Jiuyuan, Inner Mongolia Autonomous Region, Baotou, CHN, 014060

Website

http://www.qishiruye.com

Inner Mongolia Chevalese Dairy Group Co Ltd is engaged in corn and sugar beet cultivation, intensive dairy farming and organic raw milk supply and marketing, production and sales of dairy products and milk-containing beverages, and production and sales of white sugar and its by-products.

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