Zhanjiang Guolian Aquatic Products Co (SZSE:300094) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Zhanjiang Guolian Aquatic Products 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. Zhanjiang Guolian Aquatic Products Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Zhanjiang Guolian Aquatic Products Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.06). It may suggest that Zhanjiang Guolian Aquatic Products Co is progressively becoming more dependent on debt to grow their business.

Zhanjiang Guolian Aquatic Products Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhanjiang Guolian Aquatic Products 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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Zhanjiang Guolian Aquatic Products Co LT-Debt-to-Total-Asset Chart

Zhanjiang Guolian Aquatic Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.01

0.04

0.05

Zhanjiang Guolian Aquatic Products 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															0.04	0.04	0.05	0.05	0.06

Zhanjiang Guolian Aquatic Products Co LT-Debt-to-Total-Asset Calculation

Zhanjiang Guolian Aquatic Products 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 )
	=	268.507	/	5068.185
	=	0.05

Zhanjiang Guolian Aquatic Products 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 )
	=	280.439	/	4940.393
	=	0.06

Zhanjiang Guolian Aquatic Products Co (SZSE:300094) 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.

Zhanjiang Guolian Aquatic Products Co LT-Debt-to-Total-Asset Related Terms

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Zhanjiang Guolian Aquatic Products Co (SZSE:300094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhanjiang Guolian Aquatic Products Co Ltd (SZSE:300094) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.6, Yongping South Road, Pingle In, Zhanjiang, CHN, 524022

Website

http://www.gl-fish.com

Zhanjiang Guolian Aquatic Products Co Ltd is mainly focused on the aquaculture industry, has now developed into one of the whole supply chains in the hatchery, factory farming, feed, marine food processing into an international market.

Executives

Wang Zuo Zhou	Executives
Li Chun Yan	Director
Zheng Zhang	Executives
Li Zhong	Director
Zhao Hong Mei	Executives
Lu Cheng Cheng	Executives
Chen Han	Directors, executives
Tang Si Yang	Director

Zhanjiang Guolian Aquatic Products Co (SZSE:300094) Headlines

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