Xilinmen Furniture Co (SHSE:603008) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Xilinmen Furniture 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. Xilinmen Furniture Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Xilinmen Furniture Co's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.06). It may suggest that Xilinmen Furniture Co is progressively becoming less dependent on debt to grow their business.

Xilinmen Furniture Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xilinmen Furniture 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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Xilinmen Furniture Co LT-Debt-to-Total-Asset Chart

Xilinmen Furniture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.07

0.06

Xilinmen Furniture Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.08	0.08	0.06	0.06

Xilinmen Furniture Co LT-Debt-to-Total-Asset Calculation

Xilinmen Furniture 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 )
	=	552.101	/	8905.2
	=	0.06

Xilinmen Furniture 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 )
	=	499.56	/	8679.489
	=	0.06

Xilinmen Furniture Co (SHSE:603008) 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.

Xilinmen Furniture Co LT-Debt-to-Total-Asset Related Terms

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Xilinmen Furniture Co (SHSE:603008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Xilinmen Furniture Co Ltd (SHSE:603008) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.1, Second Ring Road, Xilinmen Industrial Park, Zhejiang Province, Shaoxing City, CHN, 312001

Website

http://www.chinabed.com

Xilinmen Furniture Co Ltd is a China based company engaged in manufacturing of mattresses, soft beds and related products.

Executives

Chen A Yu	Director
Zhou Wei Cheng	Director
Zhang Yi	senior management
Shen Dong Liang	Director
Yang Gang	Director
Chen Bin	senior management
Jiang Hang	Supervisors
He Jin Song	senior management
Zhang Xiu Fei	Supervisors
Zhu Rui Tu	Supervisors
Zhang Ke Qin	Director
Chen Hua Zhong	senior management

Xilinmen Furniture Co (SHSE:603008) Headlines

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