Qibu Co (SHSE:603557) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Qibu 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. Qibu Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Qibu Co's long-term debt to total assets ratio increased from Sep. 2023 (0.18) to Sep. 2024 (0.19). It may suggest that Qibu Co is progressively becoming more dependent on debt to grow their business.

Qibu Co LT-Debt-to-Total-Asset Historical Data

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

Qibu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.12

0.11

0.15

Qibu Co 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															0.18	0.15	0.15	0.15	0.19

Qibu Co LT-Debt-to-Total-Asset Calculation

Qibu 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 )
	=	142.39	/	950.694
	=	0.15

Qibu Co'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 )
	=	145.602	/	752.489
	=	0.19

Qibu Co (SHSE:603557) 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.

Qibu Co LT-Debt-to-Total-Asset Related Terms

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Qibu Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Qibu Co Ltd (SHSE:603557) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Chiyan, Qiaoxiang Industrial Park, Yuzhu New District, Zhejiang Province, Qingtian, CHN, 323900

Website

http://www.abckids.com.cn

Qibu Co Ltd operates in the apparel industry. The company designs and develop, produces and sells children's shoes, children's wear and children's clothing accessories. It has more than 2,000 sales outlets across the country. The company's main product brand is ABC KIDS.

Executives

Chen Li Hong	Director
Chen Yang Yang	Supervisors
Zhou Jian Yong	Director
Wu Jian Jun	Director

Qibu Co Headlines

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