Jinzai Food Group Co (SZSE:003000) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

Jinzai Food Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Jinzai Food Group Co is progressively becoming more dependent on debt to grow their business.

Jinzai Food Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinzai Food Group 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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Jinzai Food Group Co LT-Debt-to-Total-Asset Chart

Jinzai Food Group Co Annual Data

Trend

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Jinzai Food Group 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

Jinzai Food Group Co LT-Debt-to-Total-Asset Calculation

Jinzai Food Group 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 )
	=	10.565	/	1818.282
	=	0.01

Jinzai Food Group 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 )
	=	9.732	/	1761.963
	=	0.01

Jinzai Food Group Co (SZSE:003000) 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.

Jinzai Food Group Co LT-Debt-to-Total-Asset Related Terms

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Jinzai Food Group Co (SZSE:003000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jinzai Food Group Co Ltd (SZSE:003000) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Pingjiang Industrial Park, Hunan Province, Wushi Town, Pingjiang County, Yueyang, CHN, 414517

Website

Jinzai Food Group Co Ltd formerly Huawen Food Co Ltd is primarily involved in the pre-packaged food and bulk food business. The business activities of the company include production and sales of traditional flavor snack foods such as flavored fish and flavored dried bean curd.

Executives

Su Che Hui	Executives
Liu Te Yuan	Directors, executives

Jinzai Food Group Co (SZSE:003000) Headlines

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