Zhuhai Zhongfu Enterprise Co (SZSE:000659) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Zhuhai Zhongfu Enterprise 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. Zhuhai Zhongfu Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Zhuhai Zhongfu Enterprise Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.04). It may suggest that Zhuhai Zhongfu Enterprise Co is progressively becoming more dependent on debt to grow their business.

Zhuhai Zhongfu Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhuhai Zhongfu Enterprise 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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Zhuhai Zhongfu Enterprise Co LT-Debt-to-Total-Asset Chart

Zhuhai Zhongfu Enterprise 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

0.17

0.01

0.03

Zhuhai Zhongfu Enterprise 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															0.01	0.02	0.03	0.03	0.04

Zhuhai Zhongfu Enterprise Co LT-Debt-to-Total-Asset Calculation

Zhuhai Zhongfu Enterprise 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 )
	=	61.365	/	1836.038
	=	0.03

Zhuhai Zhongfu Enterprise 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 )
	=	67.724	/	1866.821
	=	0.04

Zhuhai Zhongfu Enterprise Co (SZSE:000659) 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.

Zhuhai Zhongfu Enterprise Co LT-Debt-to-Total-Asset Related Terms

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Zhuhai Zhongfu Enterprise Co (SZSE:000659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhuhai Zhongfu Enterprise Co Ltd (SZSE:000659) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Bonded Area, No. 201, No. 3 Building, Guangdong Province, Zhuhai, CHN, 519030

Website

http://www.zhongfu.com.cn

Zhuhai Zhongfu Enterprise Co Ltd operates in China's beverage packaging industry. It is engaged in the business of producing bottles in China. The company's product portfolio includes carbonated soft drinks, PET bottles for drinking water and beer packaging, PET preforms, PVC/OPP labels, heat shrinkable plastic films, caps, cartons, and OEM services.

Executives

Chen Xian Pei	Director
Wang Yu Ling	Directors, executives
Li Dong Mei	Supervisors
Lu Huan Cheng	Directors, executives
Zhou Mao Zai	Directors, executives
Zhang Yuan Jian	Supervisors

Zhuhai Zhongfu Enterprise Co (SZSE:000659) Headlines

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