Shanghai M&G Stationery (SHSE:603899) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Shanghai M&G Stationery 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 M&G Stationery's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Shanghai M&G Stationery's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.02). It may suggest that Shanghai M&G Stationery is progressively becoming more dependent on debt to grow their business.

Shanghai M&G Stationery LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai M&G Stationery'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 M&G Stationery LT-Debt-to-Total-Asset Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

Shanghai M&G Stationery Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.02

Shanghai M&G Stationery LT-Debt-to-Total-Asset Calculation

Shanghai M&G Stationery'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 )
	=	228.642	/	15313.962
	=	0.01

Shanghai M&G Stationery's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	228.642	/	15313.962
	=	0.01

Shanghai M&G Stationery (SHSE:603899) 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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Shanghai M&G Stationery (SHSE:603899) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » LT-Debt-to-Total-Asset

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Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

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