Top Score Fashion Co (SHSE:603608) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2023)

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What is Top Score Fashion 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. Top Score Fashion Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.27.

Top Score Fashion Co's long-term debt to total assets ratio increased from Sep. 2022 (0.24) to Sep. 2023 (0.27). It may suggest that Top Score Fashion Co is progressively becoming more dependent on debt to grow their business.

Top Score Fashion Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Top Score Fashion 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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Top Score Fashion Co LT-Debt-to-Total-Asset Chart

Top Score Fashion Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

0.19

0.21

0.26

Top Score Fashion Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.26	0.26	0.26	0.27

Top Score Fashion Co LT-Debt-to-Total-Asset Calculation

Top Score Fashion Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	553.066	/	2143.811
	=	0.26

Top Score Fashion Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	561.164	/	2114.619
	=	0.27

Top Score Fashion Co (SHSE:603608) 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.

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Top Score Fashion Co (SHSE:603608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Top Score Fashion Co Ltd (SHSE:603608) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 31, Yinsha Street, Dongyong Town, Nansha District, Guangdon, Guangzhou, CHN

Website

http://www.topscore.com.cn

Top Score Fashion Co Ltd provides women's footwear products primarily in China. It offers leather, fur, and feather footwear products under the KISSCAT, Kiss Kitty, ZSAZSAZSU, tigrisso, and Patricia brands.

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