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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)


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What is Xiamen Yan Palace Birds Nest Industry 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. Xiamen Yan Palace Birds Nest Industry Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Xiamen Yan Palace Birds Nest Industry Co's long-term debt to total assets ratio increased from Dec. 2021 (0.02) to Dec. 2023 (0.08). It may suggest that Xiamen Yan Palace Birds Nest Industry Co is progressively becoming more dependent on debt to grow their business.

Xiamen Yan Palace Birds Nest Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiamen Yan Palace Birds Nest Industry 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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Xiamen Yan Palace Birds Nest Industry Co LT-Debt-to-Total-Asset Chart

Xiamen Yan Palace Birds Nest Industry Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.03 0.02 0.01 0.08

Xiamen Yan Palace Birds Nest Industry Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset 0.03 0.02 0.01 0.08

Xiamen Yan Palace Birds Nest Industry Co LT-Debt-to-Total-Asset Calculation

Xiamen Yan Palace Birds Nest Industry 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 )
=121.723/1607.847
=0.08

Xiamen Yan Palace Birds Nest Industry Co'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 )
=121.723/1607.847
=0.08

* 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.

Xiamen Yan Palace Birds Nest Industry Co  (HKSE:01497) 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.

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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiamen Yan Palace Birds Nest Industry Co Ltd (HKSE:01497) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
Qianpu Road, 22/F, Caizihui No. 188, Siming District, Fujian Province, Xiamen City, CHN
Website
http://www.yanzhiwu.com
Xiamen Yan Palace Birds Nest Industry Co Ltd is engaged in the development, production, and marketing of Edible bird's nest (EBN) products. It is a natural health delicacy product with various perceived health benefits and nutritional value. Its product includes One Nest, Freshly Stewed Bird's Nest, Crystal Sugar Bird's Nest, and Dried EBN.
Executives
Yang Lei
Xia Men Guang Yao Tian Xiang Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo
Xia Men Guang Yao Tian Xiang Tou Zi You Xian Gong Si
Shan Nan Yan Shi Chuang Ye Tou Zi You Xian Gong Si
Bei Jing Yan Shi Tou Zi Guan Li Zhong Xin You Xian He Huo
Bei Jing Hong Yan Gu Quan Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner
Xia Men Jin Yan Lai Tou Zi He Huo Qi Ye You Xian He Huo
Xia Men Shi Shuang Dan Ma Shi Ye Fa Zhan You Xian Gong Si
Hu Qiaohong 2101 Beneficial owner
Huang Jian
Wang Jinghui
Wang Junjie
Wang Yalong
Liu Zhen 2201 Interest of corporation controlled by you
Zheng Wenbin

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