Wing Yip Food Holdings Group (XKRX:900340) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Wing Yip Food Holdings Group 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. Wing Yip Food Holdings Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Wing Yip Food Holdings Group's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.08). It may suggest that Wing Yip Food Holdings Group is progressively becoming less dependent on debt to grow their business.

Wing Yip Food Holdings Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wing Yip Food Holdings Group'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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Wing Yip Food Holdings Group LT-Debt-to-Total-Asset Chart

Wing Yip Food Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.08

Wing Yip Food Holdings Group 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															0.09	0.08	0.08	0.08	0.08

Wing Yip Food Holdings Group LT-Debt-to-Total-Asset Calculation

Wing Yip Food Holdings Group'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 )
	=	19012.793	/	233228.198
	=	0.08

Wing Yip Food Holdings Group'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 )
	=	20944.206	/	265313.395
	=	0.08

Wing Yip Food Holdings Group (XKRX:900340) 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.

Wing Yip Food Holdings Group LT-Debt-to-Total-Asset Related Terms

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Wing Yip Food Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wing Yip Food Holdings Group Ltd (XKRX:900340) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

WYHG:USA

Address

No. 9, Guanxian North Road, Yushan Village, Huangbu Town, Guangdong Province, Zhongshan, CHN

Website

http://www.wingyip-food.com

Wing Yip Food Holdings Group Ltd is a meat producer. The company is mainly engaged in offering ready to eat and packaged meat dishes. Its product offerings include supreme crispy sausage, fully thin sausage, Chinese sausage, Dongguan Erba sausage, yellow scorpion sausage, alcohol sausage, and meat chop.

Wing Yip Food Holdings Group Headlines

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