Great Sun Foods Co (SHSE:603336) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Great Sun Foods 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. Great Sun Foods Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Great Sun Foods Co's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.13). It may suggest that Great Sun Foods Co is progressively becoming more dependent on debt to grow their business.

Great Sun Foods Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Great Sun Foods 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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Great Sun Foods Co LT-Debt-to-Total-Asset Chart

Great Sun Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

Great Sun Foods 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															0.12	0.12	0.13	0.12	0.13

Great Sun Foods Co LT-Debt-to-Total-Asset Calculation

Great Sun Foods 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 )
	=	224.469	/	1843.502
	=	0.12

Great Sun Foods 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 )
	=	236.216	/	1851.128
	=	0.13

Great Sun Foods Co (SHSE:603336) 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.

Great Sun Foods Co LT-Debt-to-Total-Asset Related Terms

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Great Sun Foods Co (SHSE:603336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Great Sun Foods Co Ltd (SHSE:603336) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 13, Yujin Middle Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

http://www.greatsunfoods.com

Great Sun Foods Co Ltd is the Chinese company operating in the agricultural and sideline food processing industry. The company is engaged in the provision of plantation management, post-harvest acquisition, pre-cooling, frozen storage, pre-selection classification, processing and packaging and cold chain distribution. It provides more than 46 categories of fruits and 43 categories of vegetables, with different varieties from all parts of China and abroad.

Great Sun Foods Co (SHSE:603336) Headlines

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