Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

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What is Qinqin Foodstuffs Group (Cayman) 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. Qinqin Foodstuffs Group (Cayman) Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

Qinqin Foodstuffs Group (Cayman) Co's long-term debt to total assets ratio declined from Jun. 2023 (0.15) to Jun. 2024 (0.11). It may suggest that Qinqin Foodstuffs Group (Cayman) Co is progressively becoming less dependent on debt to grow their business.

Qinqin Foodstuffs Group (Cayman) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qinqin Foodstuffs Group (Cayman) 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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Qinqin Foodstuffs Group (Cayman) Co LT-Debt-to-Total-Asset Chart

Qinqin Foodstuffs Group (Cayman) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.09

0.11

0.07

Qinqin Foodstuffs Group (Cayman) Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.15	0.11	0.11	0.07

Qinqin Foodstuffs Group (Cayman) Co LT-Debt-to-Total-Asset Calculation

Qinqin Foodstuffs Group (Cayman) 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 )
	=	241.722	/	2148.262
	=	0.11

Qinqin Foodstuffs Group (Cayman) Co'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 )
	=	209.06	/	1984.57
	=	0.11

Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583) 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.

Qinqin Foodstuffs Group (Cayman) Co LT-Debt-to-Total-Asset Related Terms

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Qinqin Foodstuffs Group (Cayman) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qinqin Foodstuffs Group (Cayman) Co Ltd (HKSE:01583) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wuli Industrial Park, Fujian Province, Jinjiang City, CHN

Website

https://www.fjqinqin.com

Qinqin Foodstuffs Group (Cayman) Co Ltd is an investment holding company that operates through its subsidiaries which is engaged in the manufacturing, distribution, and sale of food and snack products in China. It mainly operates its business through four segments, including Jelly products, Crackers and chips, Seasoning products, and Confectionery and other products. It generates a majority of its revenue from the Jelly products segment. Geographically, the firm generates a majority of its revenue from Mainland China.

Executives

Sure Wonder Limited	2101 Beneficial owner
Hui Ching Lau	2201 Interest of corporation controlled by you
Tin Lee Investments Limited
Hang Seng Bank (trustee) Limited	2301 Trustee
Sze Man Bok
Credit Suisse Trust Limited	2301 Trustee
Seletar Limited	2306 Nominee for another person
Serangoon Limited	2306 Nominee for another person
Tin Wing Holdings Limited	2201 Interest of corporation controlled by you

Qinqin Foodstuffs Group (Cayman) Co Headlines

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