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Weilong Delicious Global Holdings (HKSE:09985) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)


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What is Weilong Delicious Global Holdings 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. Weilong Delicious Global Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Weilong Delicious Global Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.03). It may suggest that Weilong Delicious Global Holdings is progressively becoming more dependent on debt to grow their business.

Weilong Delicious Global Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Weilong Delicious Global Holdings'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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Weilong Delicious Global Holdings LT-Debt-to-Total-Asset Chart

Weilong Delicious Global Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.01 - 0.01 0.02 0.03

Weilong Delicious Global Holdings Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.01 0.02 0.02 0.03 0.03

Weilong Delicious Global Holdings LT-Debt-to-Total-Asset Calculation

Weilong Delicious Global Holdings'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 )
=205.51/7715.02
=0.03

Weilong Delicious Global Holdings'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 )
=205.51/7715.02
=0.03

* 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.

Weilong Delicious Global Holdings  (HKSE:09985) 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.

Weilong Delicious Global Holdings LT-Debt-to-Total-Asset Related Terms

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Weilong Delicious Global Holdings (HKSE:09985) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Weilong Delicious Global Holdings Ltd (HKSE:09985) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01579 HKSE:00142 HKSE:00345 HKSE:01610 HKSE:01112 HKSE:06683 HKSE:01475 HKSE:01458 HKSE:09676 HKSE:01717 XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
Intersection of Dongfanghong Road and Zhongshan Road, Southwest Corner, Shaoling District, Henan, Luohe, CHN
Website
https://www.weilongshipin.com
Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.
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