Shenglong Splendecor International (HKSE:08481) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Shenglong Splendecor International 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. Shenglong Splendecor International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Shenglong Splendecor International's long-term debt to total assets ratio increased from Dec. 2022 (0.27) to Dec. 2023 (0.29). It may suggest that Shenglong Splendecor International is progressively becoming more dependent on debt to grow their business.

Shenglong Splendecor International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenglong Splendecor International'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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Shenglong Splendecor International LT-Debt-to-Total-Asset Chart

Shenglong Splendecor International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.18

0.07

0.27

0.29

Shenglong Splendecor International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	-	0.35	-	0.29

Shenglong Splendecor International LT-Debt-to-Total-Asset Calculation

Shenglong Splendecor International'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 )
	=	216.717	/	759.16
	=	0.29

Shenglong Splendecor International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	216.717	/	759.16
	=	0.29

Shenglong Splendecor International (HKSE:08481) 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.

Shenglong Splendecor International LT-Debt-to-Total-Asset Related Terms

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Shenglong Splendecor International (HKSE:08481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shenglong Splendecor International Ltd (HKSE:08481) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 55 Shangyang Road, Yangdai Village, Jinnan sub-district, Zhejiang, Lin’an City, Hangzhou, CHN, 311301

Website

http://www.splendecor.com

Shenglong Splendecor International Ltd is an investment holding. It is engaged in the manufacturing of decorative printing materials products based in China. Its products include melamine impregnated paper, finish foil paper, PVC furniture film, and PVC flooring film. Geographically, it derives a majority of its revenue from China.

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