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Fortune Ng Fung Food (hebei) Co (SHSE:600965) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)


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What is Fortune Ng Fung Food (hebei) 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. Fortune Ng Fung Food (hebei) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Fortune Ng Fung Food (hebei) Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Fortune Ng Fung Food (hebei) Co is progressively becoming less dependent on debt to grow their business.


Fortune Ng Fung Food (hebei) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fortune Ng Fung Food (hebei) 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.

* Premium members only.

Fortune Ng Fung Food (hebei) Co LT-Debt-to-Total-Asset Chart

Fortune Ng Fung Food (hebei) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.02 0.02 0.03

Fortune Ng Fung Food (hebei) Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.03 0.03 0.02 0.02

Fortune Ng Fung Food (hebei) Co LT-Debt-to-Total-Asset Calculation

Fortune Ng Fung Food (hebei) 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 )
=63.407/2562.67
=0.02

Fortune Ng Fung Food (hebei) Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=55.496/2611.838
=0.02

* 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.


Fortune Ng Fung Food (hebei) Co  (SHSE:600965) 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.


Fortune Ng Fung Food (hebei) Co LT-Debt-to-Total-Asset Related Terms

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Fortune Ng Fung Food (hebei) Co Business Description

Traded in Other Exchanges
N/A
Address
Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.
Executives
Wu Jian Supervisors

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