Panda Dairy (SZSE:300898) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Panda Dairy 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. Panda Dairy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Panda Dairy's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Panda Dairy is progressively becoming more dependent on debt to grow their business.

Panda Dairy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Panda Dairy'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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Panda Dairy LT-Debt-to-Total-Asset Chart

Panda Dairy Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.02

Panda Dairy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Panda Dairy LT-Debt-to-Total-Asset Calculation

Panda Dairy'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 )
	=	20	/	1146.493
	=	0.02

Panda Dairy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	20.717	/	1081.765
	=	0.02

Panda Dairy (SZSE:300898) 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.

Panda Dairy LT-Debt-to-Total-Asset Related Terms

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Panda Dairy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Panda Dairy Corp (SZSE:300898) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 650-668, Jianxing East Road, Zhejiang Province, Lingxi Town, Cangnan County, Wenzhou, CHN, 325800

Website

http://www.pandairy.com

Panda Dairy Corp is engaged in the production and sales of concentrated dairy products. The main products includes Panda sweetened condensed milk, evaporated milk, cheese and phytoprotein beverages.

Executives

Guo Hong	Director
Chen Mei Yue	Supervisors
Jiang Xian Zong	Supervisors
Chen Ping Hua	Executives
Lin Wen Zhen	Executives

Panda Dairy Headlines

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