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Fortune Valley Treasures (Fortune Valley Treasures) Debt-to-Asset : 0.16 (As of Dec. 2023)


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What is Fortune Valley Treasures Debt-to-Asset?

Fortune Valley Treasures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.60 Mil. Fortune Valley Treasures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.41 Mil. Fortune Valley Treasures's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $6.25 Mil. Fortune Valley Treasures's debt to asset for the quarter that ended in Dec. 2023 was 0.16.

Fortune Valley Treasures Debt-to-Asset Historical Data

The historical data trend for Fortune Valley Treasures's Debt-to-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.

* Premium members only.

Fortune Valley Treasures Debt-to-Asset Chart

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.58 0.07 0.07 0.09 0.16

Fortune Valley Treasures Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.15 0.19 0.22 0.16

Competitive Comparison of Fortune Valley Treasures's Debt-to-Asset

For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortune Valley Treasures's Debt-to-Asset Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Fortune Valley Treasures's Debt-to-Asset falls into.


Fortune Valley Treasures Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fortune Valley Treasures's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.595 + 0.406) / 6.249
=0.16

Fortune Valley Treasures's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.595 + 0.406) / 6.249
=0.16

* 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.

Fortune Valley Treasures  (OTCPK:FVTI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Fortune Valley Treasures Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Fortune Valley Treasures's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Debt-to-Asset
Comparable Companies
JOAN TLF LNBY PTZH FTEL NVVE ZKGCF SSUNF SPEV GHST ORLY TSX:ATD AZO SHSE:601888 TSCO ULTA GPC BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900
Website
http://www.fvti.show
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Kaihong Lin director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen director, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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