Shanghai Jahwa United Co (SHSE:600315) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Shanghai Jahwa United 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. Shanghai Jahwa United Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Shanghai Jahwa United Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.01). It may suggest that Shanghai Jahwa United Co is progressively becoming less dependent on debt to grow their business.

Shanghai Jahwa United Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Jahwa United 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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Shanghai Jahwa United Co LT-Debt-to-Total-Asset Chart

Shanghai Jahwa United Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.09

0.07

0.05

Shanghai Jahwa United Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.05	0.05	0.01

Shanghai Jahwa United Co LT-Debt-to-Total-Asset Calculation

Shanghai Jahwa United 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 )
	=	613.163	/	11729.796
	=	0.05

Shanghai Jahwa United Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	102.052	/	11827.305
	=	0.01

Shanghai Jahwa United Co (SHSE:600315) 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.

Shanghai Jahwa United Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Jahwa United Co (SHSE:600315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Jahwa United Co Ltd (SHSE:600315) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.99 Jiang Wan Cheng Road, 5th building of Shangpu Business Center, Yangpu District, Shanghai, CHN, 200438

Website

http://www.jahwa.com.cn

Shanghai Jahwa United Co Ltd is a China-based company engaged in selling toiletries, skin care, hair care and beauty products, daily chemicals and cosmetic technologies in China. The products of the company are sold under the brands of VIVE, Maxam, Liushen, Gf, Herborist, Homeaegis, Dr.Yu, Giving, Fresh herb and Tommee Tippee. Its product portfolio covers herbal medicines, household cleaning products, hand-creams, baby-care products, sunscreens, beauty products and others.

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