Zhejiang Busen Garments Co (SZSE:002569) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Zhejiang Busen Garments 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. Zhejiang Busen Garments Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Zhejiang Busen Garments Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Zhejiang Busen Garments Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Busen Garments Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Busen Garments 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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Zhejiang Busen Garments Co LT-Debt-to-Total-Asset Chart

Zhejiang Busen Garments Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Zhejiang Busen Garments Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Zhejiang Busen Garments Co LT-Debt-to-Total-Asset Calculation

Zhejiang Busen Garments 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 )
	=	1.511	/	236.666
	=	0.01

Zhejiang Busen Garments Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1.511	/	227.848
	=	0.01

Zhejiang Busen Garments Co (SZSE:002569) 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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Zhejiang Busen Garments Co (SZSE:002569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Busen Garments Co Ltd (SZSE:002569) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

419, Busen Avenue, Fengqiao Town, Zhejiang, Zhuji, CHN, 311811

Website

http://www.busen.cn

Zhejiang Busen Garments Co Ltd is engaged in the business of design, production, and sales of men's clothing. The products of the company include shirts, suits, trousers, jackets, T-shirts, and business wear.

Executives

Wang Gang	Executives
Du Xin	Director
Lu Li Juan	Directors, executives
Bai Liang	Director
Pan Yi	Supervisors
Huang Le Ying	Director
Yuan Jian Jun	Executives
Shou He Lei	Secretary Dong
Zhao Xia Ying	Supervisors
Ye Hong Ying	Supervisors
Chen Neng En	Director
Wang Ling	Director
Chen Jian Guo	Director

Zhejiang Busen Garments Co (SZSE:002569) Headlines

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