CHSN (Chanson International Holding) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2024)

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What is Chanson International Holding 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. Chanson International Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.28.

Chanson International Holding's long-term debt to total assets ratio declined from Jun. 2023 (0.33) to Jun. 2024 (0.28). It may suggest that Chanson International Holding is progressively becoming less dependent on debt to grow their business.

Chanson International Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chanson International Holding'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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Chanson International Holding LT-Debt-to-Total-Asset Chart

Chanson International Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.45

0.39

0.46

0.30

Chanson International Holding Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.51	0.46	0.33	0.30	0.28

Chanson International Holding LT-Debt-to-Total-Asset Calculation

Chanson International Holding'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 )
	=	11.691	/	38.434
	=	0.30

Chanson International Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	10.931	/	38.724
	=	0.28

Chanson International Holding (NAS:CHSN) 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.

Chanson International Holding LT-Debt-to-Total-Asset Related Terms

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Chanson International Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chanson International Holding (NAS:CHSN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Culture Road, Tianshan District, Urumqi, Xinjiang, CHN

Website

https://www.chanson-international.com

Chanson International Holding manufactures and sells a wide selection of bakery products, seasonal products, and beverage products; some of these stores also offer eat-in services. It focuses to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to create a comfortable, yet distinguishable store environment in which customers can enjoy their products.