Springsnow Food Group Co (SHSE:605567) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Springsnow Food Group 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. Springsnow Food Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Springsnow Food Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Springsnow Food Group Co is progressively becoming less dependent on debt to grow their business.

Springsnow Food Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Springsnow Food Group 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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Springsnow Food Group Co LT-Debt-to-Total-Asset Chart

Springsnow Food Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

Springsnow Food Group Co Quarterly Data
	Dec18	Dec19	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															0.02	0.01	0.01	0.01	0.01

Springsnow Food Group Co LT-Debt-to-Total-Asset Calculation

Springsnow Food Group 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 )
	=	31.056	/	2194.142
	=	0.01

Springsnow Food Group 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 )
	=	29.046	/	2366.085
	=	0.01

Springsnow Food Group Co (SHSE:605567) 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.

Springsnow Food Group Co LT-Debt-to-Total-Asset Related Terms

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Springsnow Food Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Springsnow Food Group Co Ltd (SHSE:605567) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 382, ??Fushan Road, Laiyang, Shandong Province, Yantai, CHN, 265200

Website

http://www.springsnowfood.com

Springsnow Food Group Co Ltd is engaged in the research and development, production, processing and sales of white feather chicken and chicken food.

Executives

Wang Lei	Supervisors
Chen Fei	Directors, senior managers
Sun Yu Wen	Director
Li Lei	senior management
Xu Jian Xiang	senior management
Li Yan Lin	Directors, senior managers
Zhang Ji Rong	senior management
Huang Shi Min	senior management
Zheng Jun	senior management
Lv Gao Feng	Supervisors
Wang Ke Zhu	Directors, senior managers
Liu Xian Shuai	senior management
Hao Kong Chen	senior management

Springsnow Food Group Co Headlines

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