Shandong Longda Meishi Co (SZSE:002726) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Shandong Longda Meishi 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. Shandong Longda Meishi Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Shandong Longda Meishi Co's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.21). It may suggest that Shandong Longda Meishi Co is progressively becoming more dependent on debt to grow their business.

Shandong Longda Meishi Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Longda Meishi 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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Shandong Longda Meishi Co LT-Debt-to-Total-Asset Chart

Shandong Longda Meishi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.13

0.14

0.20

Shandong Longda Meishi 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															0.14	0.17	0.17	0.20	0.21

Shandong Longda Meishi Co LT-Debt-to-Total-Asset Calculation

Shandong Longda Meishi 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 )
	=	1270.438	/	6317.538
	=	0.20

Shandong Longda Meishi 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 )
	=	1280.17	/	5992.531
	=	0.21

Shandong Longda Meishi Co (SZSE:002726) 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.

Shandong Longda Meishi Co LT-Debt-to-Total-Asset Related Terms

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Shandong Longda Meishi Co (SZSE:002726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Longda Meishi Co Ltd (SZSE:002726) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Food Industrial Park, Shandong Province, Laiyang, CHN, 265200

Website

http://www.longdameat.com

Shandong Longda Meishi Co Ltd is a Chinese company operating in the meat processing industry. It activities include pig breeding, feed production, pig breeding, slaughtering and cutting, and cooked food processing. The company's product portfolio comprises fresh frozen pork, low-temperature meat products, bulk sauce and halogen foods, among others.

Shandong Longda Meishi Co (SZSE:002726) Headlines

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