Baolingbao Biology Co (SZSE:002286) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Baolingbao Biology 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. Baolingbao Biology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Baolingbao Biology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.02). It may suggest that Baolingbao Biology Co is progressively becoming less dependent on debt to grow their business.

Baolingbao Biology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Baolingbao Biology 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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Baolingbao Biology Co LT-Debt-to-Total-Asset Chart

Baolingbao Biology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.06

0.01

Baolingbao Biology 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															0.05	0.04	0.01	0.01	0.02

Baolingbao Biology Co LT-Debt-to-Total-Asset Calculation

Baolingbao Biology 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 )
	=	38.145	/	2658.892
	=	0.01

Baolingbao Biology 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 )
	=	41.501	/	2653.609
	=	0.02

Baolingbao Biology Co (SZSE:002286) 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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Baolingbao Biology Co (SZSE:002286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Baolingbao Biology Co Ltd (SZSE:002286) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.1,Dongwaihuan Road, Hi-Tech Development Zone, Yucheng, CHN

Website

http://www.blb-cn.com

Baolingbao Biology Co Ltd is engaged in providing biotechnology products and services. The products of the company include oligosaccharide, carbohydrate, sugar alcohol, dietary fiber, starch series, and syrup series.

Executives

Zhang Guo Gang	Directors, executives
Wang Qiang	Directors, executives
Huang Yong Qiang	Independent director
Jia Wei Chen	Supervisors
Zhang Xin Rong	Independent director
Liu Zong Li	Directors, executives
Liu Feng	Directors, executives
Li Xia	Directors, executives
Wang Nai Qiang	Supervisors
Xue Jian Ping	Directors, executives
Yang Yuan Zhi	Directors, executives

Baolingbao Biology Co (SZSE:002286) Headlines

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