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San Neng Group Holdings Co (TPE:6671) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)


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What is San Neng Group Holdings 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. San Neng Group Holdings Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

San Neng Group Holdings Co's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Jun. 2024 (0.03). It may suggest that San Neng Group Holdings Co is progressively becoming less dependent on debt to grow their business.

San Neng Group Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for San Neng Group Holdings 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.

* Premium members only.

San Neng Group Holdings Co LT-Debt-to-Total-Asset Chart

San Neng Group Holdings Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.07 0.06 0.05 0.04 0.04

San Neng Group Holdings Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.03 0.03

San Neng Group Holdings Co LT-Debt-to-Total-Asset Calculation

San Neng Group Holdings 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 )
=79.434/2202.753
=0.04

San Neng Group Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=70.663/2349.064
=0.03

* 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.

San Neng Group Holdings Co  (TPE:6671) 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.

San Neng Group Holdings Co LT-Debt-to-Total-Asset Related Terms

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San Neng Group Holdings Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » San Neng Group Holdings Co Ltd (TPE:6671) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
TPE:1817 TPE:6666 ROCO:8941 TPE:1730 TPE:9919 ROCO:6574 ROCO:8929 TPE:1732 TPE:4190 ROCO:9949 PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT EL KMB KVUE XTER:BEI
Traded in Other Exchanges
N/A
Address
No.58, Gongye 8th Road, Dali District, Taichung, TWN
Website
https://www.sannenggroup.com
San Neng Group Holdings Co Ltd, along with its subsidiaries, is engaged in the research and development, manufacturing and sale of various professional baking equipment and related products. Its product offerings are divided into five categories including custom categories, baking moulds, baking tools, household equipment and other categories. Products offered by the company include baking utensils, baking moulds, baking trays, toast boxes, cake moulds, pie plates, mousse rings, mixing bowls, egg whisks, pastry tubes, revolving cake stands, knives, trolleys, eggbeaters series, pre-store products series, multi-connection products, kitchen supplies, and small household appliance series.

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