Suzhou Taihusnow Silk Co (BJSE:838262) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Suzhou Taihusnow Silk 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. Suzhou Taihusnow Silk Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Suzhou Taihusnow Silk Co's long-term debt to total assets ratio declined from Dec. 2023 (0.10) to Dec. 2024 (0.07). It may suggest that Suzhou Taihusnow Silk Co is progressively becoming less dependent on debt to grow their business.

Suzhou Taihusnow Silk Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Taihusnow Silk 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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Suzhou Taihusnow Silk Co LT-Debt-to-Total-Asset Chart

Suzhou Taihusnow Silk Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.05

0.10

0.07

Suzhou Taihusnow Silk Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.09	0.09	0.07

Suzhou Taihusnow Silk Co LT-Debt-to-Total-Asset Calculation

Suzhou Taihusnow Silk Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	32.607	/	490.674
	=	0.07

Suzhou Taihusnow Silk Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	32.607	/	490.674
	=	0.07

Suzhou Taihusnow Silk Co (BJSE:838262) 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.

Suzhou Taihusnow Silk Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Taihusnow Silk Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suzhou Taihusnow Silk Co Ltd (BJSE:838262) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2428, North side of National Highway 318, Jinxing Village, Zhenze Town, Wujiang District, Jiangsu Province, Suzhou City, CHN, 215231

Website

https://www.taihuxue.com

Suzhou Taihusnow Silk Co Ltd engages in research and development and design, production and processing, brand promotion, channel construction, and sales services of silk-related products. It offers silk products such as silk quilts, bedding sets, silk accessories, and silk apparel.

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