Zhengzhou Qianweiyangchu Food Co (SZSE:001215) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2023)

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What is Zhengzhou Qianweiyangchu Food 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. Zhengzhou Qianweiyangchu Food Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.12.

Zhengzhou Qianweiyangchu Food Co's long-term debt to total assets ratio increased from Sep. 2022 (0.11) to Sep. 2023 (0.12). It may suggest that Zhengzhou Qianweiyangchu Food Co is progressively becoming more dependent on debt to grow their business.

Zhengzhou Qianweiyangchu Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhengzhou Qianweiyangchu Food 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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Zhengzhou Qianweiyangchu Food Co LT-Debt-to-Total-Asset Chart

Zhengzhou Qianweiyangchu Food Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.06

0.03

0.10

Zhengzhou Qianweiyangchu Food Co Quarterly Data
	Dec17	Dec18	Dec19	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												0.11	0.10	0.07	0.12	0.12

Zhengzhou Qianweiyangchu Food Co LT-Debt-to-Total-Asset Calculation

Zhengzhou Qianweiyangchu Food 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 )
	=	153.633	/	1586.967
	=	0.10

Zhengzhou Qianweiyangchu Food 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 )
	=	198.293	/	1718.269
	=	0.12

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) 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.

Zhengzhou Qianweiyangchu Food Co LT-Debt-to-Total-Asset Related Terms

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Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengzhou Qianweiyangchu Food Co Ltd (SZSE:001215) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Zhengzhou High-tech Zone, No. 2, Hongfengli, Henan Province, Zhengzhou, CHN, 450001

Website

https://www.qianweiyangchu.com

Zhengzhou Qianwei Central Kitchen Food Co Ltd is engaged in production and sales of quick-frozen noodle products for catering companies.

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Headlines

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