Shenzhen Ellassay Fashion Co (SHSE:603808) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Shenzhen Ellassay Fashion 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. Shenzhen Ellassay Fashion Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Shenzhen Ellassay Fashion Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.09). It may suggest that Shenzhen Ellassay Fashion Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Ellassay Fashion Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Ellassay Fashion 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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Shenzhen Ellassay Fashion Co LT-Debt-to-Total-Asset Chart

Shenzhen Ellassay Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.15

0.10

0.11

0.10

Shenzhen Ellassay Fashion 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															0.10	0.09	0.10	0.10	0.09

Shenzhen Ellassay Fashion Co LT-Debt-to-Total-Asset Calculation

Shenzhen Ellassay Fashion 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 )
	=	448.058	/	4621.99
	=	0.10

Shenzhen Ellassay Fashion 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 )
	=	405.6	/	4509.473
	=	0.09

Shenzhen Ellassay Fashion Co (SHSE:603808) 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.

Shenzhen Ellassay Fashion Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Ellassay Fashion Co (SHSE:603808) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhen Ellassay Fashion Co Ltd (SHSE:603808) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tian'an Innovation and Technology Plaza, Building 1901-1905, Chegongmiao, Futian District, ShenZhen, CHN, 518048

Website

http://www.ellassay.com

Shenzhen Ellassay Fashion Co Ltd is engaged in designing, manufacturing, distribution, and retail of women's apparel. It's a China-based firm which has its own brands Ellassay, Laurel, IRO Paris, ED Hardy, Vivienne Tam.

Executives

Ding Tian Peng	Supervisors
Xia Guo Xin	Director

Shenzhen Ellassay Fashion Co (SHSE:603808) Headlines

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