YNNHF (Yihai International Holdings) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Yihai International Holdings 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. Yihai International Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Yihai International Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.02). It may suggest that Yihai International Holdings is progressively becoming more dependent on debt to grow their business.

Yihai International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yihai International Holdings'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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Yihai International Holdings LT-Debt-to-Total-Asset Chart

Yihai International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Yihai International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.02

Yihai International Holdings LT-Debt-to-Total-Asset Calculation

Yihai International Holdings'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 )
	=	7.6	/	847.937
	=	0.01

Yihai International Holdings'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 )
	=	12.689	/	729.285
	=	0.02

Yihai International Holdings (OTCPK:YNNHF) 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.

Yihai International Holdings LT-Debt-to-Total-Asset Related Terms

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Yihai International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yihai International Holdings Ltd (OTCPK:YNNHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

01579:Hong Kong YIR:Germany

Address

No. 2500 Zhenbei Road, Room 1810, Putuo District, Shanghai, CHN, 200062

Website

http://www.yihchina.com

Yihai International is a leading compound condiment manufacturer in China with a focus on hot pot condiments. It was started by the founder of Haidilao (one of the largest hot pot chains in China), Zhang Yong, as a condiment supplier to the hot pot chain. Yihai started to produce packaged hot pot condiments and ready-to-eat hot pot using the Haidilao brand as Haidilao became well known across China. It has also developed brands such as Magic Cook and Yue Yi Hai to sell other Chinese-style condiments and supply cooking condiments to other restaurants.

Yihai International Holdings Headlines

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