Nanjing OLO Home Furnishing Co (SHSE:603326) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Nanjing OLO Home Furnishing 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. Nanjing OLO Home Furnishing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Nanjing OLO Home Furnishing Co's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.13). It may suggest that Nanjing OLO Home Furnishing Co is progressively becoming less dependent on debt to grow their business.

Nanjing OLO Home Furnishing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing OLO Home Furnishing 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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Nanjing OLO Home Furnishing Co LT-Debt-to-Total-Asset Chart

Nanjing OLO Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.10

0.14

0.13

Nanjing OLO Home Furnishing 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															0.15	0.15	0.15	0.13	0.13

Nanjing OLO Home Furnishing Co LT-Debt-to-Total-Asset Calculation

Nanjing OLO Home Furnishing 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 )
	=	323.329	/	2442.888
	=	0.13

Nanjing OLO Home Furnishing 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 )
	=	310.523	/	2366.445
	=	0.13

Nanjing OLO Home Furnishing Co (SHSE:603326) 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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Nanjing OLO Home Furnishing Co (SHSE:603326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nanjing OLO Home Furnishing Co Ltd (SHSE:603326) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 218, Qingshuiting West Road, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

http://www.olokitchen.com

Nanjing OLO Home Furnishing Co Ltd operates in the home furnishings and fixtures industry. It is principally engaged in the design, research and development, manufacturing and sales of custom furniture products as well as the provision of related services. The company's main products include the integrated kitchen cabinets, custom wardrobes and the full house.

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