New Hope Dairy Co (SZSE:002946) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is New Hope Dairy 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. New Hope Dairy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

New Hope Dairy Co's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.23). It may suggest that New Hope Dairy Co is progressively becoming less dependent on debt to grow their business.

New Hope Dairy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for New Hope Dairy 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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New Hope Dairy Co LT-Debt-to-Total-Asset Chart

New Hope Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.24

0.23

0.25

0.24

New Hope Dairy 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															0.24	0.23	0.28	0.24	0.23

New Hope Dairy Co LT-Debt-to-Total-Asset Calculation

New Hope Dairy 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 )
	=	2136.766	/	8938.01
	=	0.24

New Hope Dairy 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 )
	=	2068.323	/	8990.545
	=	0.23

New Hope Dairy Co (SZSE:002946) 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.

New Hope Dairy Co LT-Debt-to-Total-Asset Related Terms

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New Hope Dairy Co (SZSE:002946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Dairy Co Ltd (SZSE:002946) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.366 Jinshi Road, New Hope Zhongding International, No. 3, 18th Floor, Building 2, Jinjiang District, Sichuan, Chengdu, CHN, 610023

Website

http://www.newhopedairy.cn

New Hope Dairy Co Ltd is a dairy products supplier in China. The company have 12 dairy enterprises in Southwest China, Eastern China and Northern China, including 4 national enterprises of agricultural industrialization and 8 provincial enterprises.

Executives

Lin Yong Yu	Executives
Li Hong Mei	Supervisors
Xi Gang	Director
Zhu Chuan	Directors, executives
Zhang Shuai	Executives

New Hope Dairy Co (SZSE:002946) Headlines

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