Tingyi (Cayman Islands) Holding (HKSE:00322) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Tingyi (Cayman Islands) Holding 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. Tingyi (Cayman Islands) Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Tingyi (Cayman Islands) Holding's long-term debt to total assets ratio declined from Dec. 2022 (0.15) to Dec. 2023 (0.10). It may suggest that Tingyi (Cayman Islands) Holding is progressively becoming less dependent on debt to grow their business.

Tingyi (Cayman Islands) Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tingyi (Cayman Islands) Holding'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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Tingyi (Cayman Islands) Holding LT-Debt-to-Total-Asset Chart

Tingyi (Cayman Islands) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.13

0.11

0.15

0.10

Tingyi (Cayman Islands) Holding 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															0.11	0.12	0.15	0.17	0.10

Tingyi (Cayman Islands) Holding LT-Debt-to-Total-Asset Calculation

Tingyi (Cayman Islands) Holding'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 )
	=	5936.614	/	58133.969
	=	0.10

Tingyi (Cayman Islands) Holding'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 )
	=	5936.614	/	58133.969
	=	0.10

Tingyi (Cayman Islands) Holding (HKSE:00322) 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.

Tingyi (Cayman Islands) Holding LT-Debt-to-Total-Asset Related Terms

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Tingyi (Cayman Islands) Holding (HKSE:00322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tingyi (Cayman Islands) Holding Corp (HKSE:00322) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TYCMY:USA TCYMF:USA 910322:Taiwan TYG:Germany

Address

No. 1688, Wuzhong Road, Building A, Minhang District, Shanghai, CHN, 201103

Website

https://www.masterkong.com.cn

Tingyi is a leading producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most widely known. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

Executives

Wei Ing Chou	2101 Beneficial owner
Lion Trust (singapore) Limited	2301 Trustee

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