Shanghai Bolex Food Technology Co (SHSE:603170) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Shanghai Bolex Food Technology 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 Bolex Food Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Shanghai Bolex Food Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.03). It may suggest that Shanghai Bolex Food Technology Co is progressively becoming more dependent on debt to grow their business.

Shanghai Bolex Food Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Bolex Food Technology 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 Bolex Food Technology Co LT-Debt-to-Total-Asset Chart

Shanghai Bolex Food Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.11

0.06

0.01

0.03

Shanghai Bolex Food Technology Co Quarterly Data
	Dec18	Dec19	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													0.01	0.03	0.03	0.03	0.03

Shanghai Bolex Food Technology Co LT-Debt-to-Total-Asset Calculation

Shanghai Bolex Food Technology 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 )
	=	55.607	/	1900.214
	=	0.03

Shanghai Bolex Food Technology 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 )
	=	52.846	/	2131.839
	=	0.02

Shanghai Bolex Food Technology Co (SHSE:603170) 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 Bolex Food Technology Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Bolex Food Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Bolex Food Technology Co Ltd (SHSE:603170) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 433, Rongxing Road, Rongbei Industrial Zone, Songjiang, Shanghai, CHN, 201600

Website

http://www.bolexfoods.com

Shanghai Bolex Food Technology Co Ltd is engaged in the research and development, production and technical services of food seasonings. The main products include compound seasonings, light cooking solutions and beverage and dessert ingredients.

Executives

Ma Ju	Director
He Hong Wu	Directors, senior managers

Shanghai Bolex Food Technology Co Headlines

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