Tecon Biology Co (SZSE:002100) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Tecon Biology 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. Tecon Biology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Tecon Biology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.13). It may suggest that Tecon Biology Co is progressively becoming less dependent on debt to grow their business.

Tecon Biology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tecon Biology 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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Tecon Biology Co LT-Debt-to-Total-Asset Chart

Tecon Biology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.10

0.14

0.18

0.10

Tecon Biology Co Quarterly Data
	Dec19	Mar20	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															0.13	0.10	0.12	0.12	0.13

Tecon Biology Co LT-Debt-to-Total-Asset Calculation

Tecon Biology 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 )
	=	1588.288	/	16751.66
	=	0.09

Tecon Biology 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 )
	=	2119.602	/	16921.978
	=	0.13

Tecon Biology Co (SZSE:002100) 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.

Tecon Biology Co LT-Debt-to-Total-Asset Related Terms

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Tecon Biology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tecon Biology Co Ltd (SZSE:002100) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

High-tech Zone in Changchun Road, 528 Tiankang Business Building, Xinjiang, Urumqi, CHN, 830011

Website

http://www.tcsw.com.cn

Tecon Biology Co Ltd is engaged in the production and sales of veterinary biological products and animal disease prevention, modern pig science breeding and breeding, feed research and development and production, and pig slaughtering and processing. The company mainly operates its businesses within domestic markets, with Xinjiang Province as its main market.

Executives

Wang Xiao	Supervisors
Pan Yi Ping	Executives
Xu Heng	Executives
Wu Xiang Yong	Director
Sun Wei Hong	Independent director
Wu Ming Qi	Executives
Wang Xin An	Director
Geng Li Xin	Directors, executives
Che Xin Hui	Supervisors

Tecon Biology Co Headlines

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