Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Shanxi Xinghuacun Fen Wine Factory 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. Shanxi Xinghuacun Fen Wine Factory Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Shanxi Xinghuacun Fen Wine Factory Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Shanxi Xinghuacun Fen Wine Factory Co is progressively becoming less dependent on debt to grow their business.

Shanxi Xinghuacun Fen Wine Factory Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Xinghuacun Fen Wine Factory 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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Shanxi Xinghuacun Fen Wine Factory Co LT-Debt-to-Total-Asset Chart

Shanxi Xinghuacun Fen Wine Factory Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Shanxi Xinghuacun Fen Wine Factory 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															0.02	0.02	0.02	0.01	0.01

Shanxi Xinghuacun Fen Wine Factory Co LT-Debt-to-Total-Asset Calculation

Shanxi Xinghuacun Fen Wine Factory 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 )
	=	533.659	/	44095.838
	=	0.01

Shanxi Xinghuacun Fen Wine Factory 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 )
	=	547.417	/	50430.504
	=	0.01

Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) 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.

Shanxi Xinghuacun Fen Wine Factory Co LT-Debt-to-Total-Asset Related Terms

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Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shanxi Xinghuacun Fen Wine Factory Co Ltd (SHSE:600809) » Definitions » LT-Debt-to-Total-Asset

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Address

Xinghua Village, Fenyang County, Shanxi, Lvliang, CHN, 032205

Website

http://www.fenjiu.com.cn

Shanxi Fen Wine, or Fen Wine, is a typical light-flavored baijiu, featuring a fresher, lighter, and purer-taste compared with jiang-flavored and rich-flavored spirits. The company offers a comprehensive product portfolio, covering sub-premium, mid- to high range, and low-end products. The Fen series contributed about 90% of the company's sales revenue in 2022, including sub-premium brand Qinghua, midrange products Panama and Laobaifen, and low-end Bofen. The State-Owned Assets Supervision and Administration Commission of Shanxi province controls 51% of Fen Wine.

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