Ziel Home Furnishing Technology Co (SZSE:301376) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Ziel Home Furnishing Technology 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. Ziel Home Furnishing Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Ziel Home Furnishing Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.20) to Mar. 2024 (0.12). It may suggest that Ziel Home Furnishing Technology Co is progressively becoming less dependent on debt to grow their business.

Ziel Home Furnishing Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ziel Home Furnishing Technology 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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Ziel Home Furnishing Technology Co LT-Debt-to-Total-Asset Chart

Ziel Home Furnishing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.24

0.21

0.12

Ziel Home Furnishing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.20	0.15	0.13	0.12	0.12

Ziel Home Furnishing Technology Co LT-Debt-to-Total-Asset Calculation

Ziel Home Furnishing Technology 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 )
	=	649.773	/	5581.341
	=	0.12

Ziel Home Furnishing Technology 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 )
	=	709.909	/	5732.4
	=	0.12

Ziel Home Furnishing Technology Co (SZSE:301376) 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.

Ziel Home Furnishing Technology Co LT-Debt-to-Total-Asset Related Terms

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Ziel Home Furnishing Technology Co (SZSE:301376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ziel Home Furnishing Technology Co Ltd (SZSE:301376) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 198-19, Songshan South Road, No. 601, 6th Floor, Dongfang Building, Erqi, Henan, Zhengzhou, CHN, 450000

Website

https://www.ziel.cn

Ziel Home Furnishing Technology Co Ltd is engaged in research and development, design and sales of home furnishing products such as self-owned brand furniture series, home furnishing series, courtyard series and pet series.

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