China Kangda Food Co (SGX:P74) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is China Kangda Food 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. China Kangda Food Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

China Kangda Food Co's long-term debt to total assets ratio increased from Jun. 2023 (0.02) to Jun. 2024 (0.07). It may suggest that China Kangda Food Co is progressively becoming more dependent on debt to grow their business.

China Kangda Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Kangda Food 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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China Kangda Food Co LT-Debt-to-Total-Asset Chart

China Kangda Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.07

China Kangda Food Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.03	0.02	0.07	0.07

China Kangda Food Co LT-Debt-to-Total-Asset Calculation

China Kangda Food 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 )
	=	19.536	/	295.167
	=	0.07

China Kangda Food 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 )
	=	21.234	/	303.994
	=	0.07

China Kangda Food Co (SGX:P74) 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.

China Kangda Food Co LT-Debt-to-Total-Asset Related Terms

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China Kangda Food Co Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Kangda Food Co Ltd (SGX:P74) » Definitions » LT-Debt-to-Total-Asset

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00834:Hong Kong

Address

No. 8399, Binhai Boulevard, Huangdao District, Shandong Province, Qingdao, CHN

Website

http://www.kangdafood.com

China Kangda Food Co Ltd is a diversified food manufacturing and processing group based in China. Its operating segments are the production and sale of processed food products, chilled and frozen rabbit meat, chilled and frozen chicken meat, and other products comprising chicken and rabbit meat by-products and pet food products. The key revenue is generated from the processed food products business. Geographically, the company operates in Japan, Europe, the People's Republic of China, and others. It generates a majority of its revenue from the PRC.

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