Xi'an Catering Co (SZSE:000721) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Xi'an Catering 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. Xi'an Catering Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Xi'an Catering Co's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.13). It may suggest that Xi'an Catering Co is progressively becoming more dependent on debt to grow their business.

Xi'an Catering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xi'an Catering 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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Xi'an Catering Co LT-Debt-to-Total-Asset Chart

Xi'an Catering 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

0.17

0.15

0.12

0.13

Xi'an Catering 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															0.11	0.11	0.11	0.13	0.13

Xi'an Catering Co LT-Debt-to-Total-Asset Calculation

Xi'an Catering 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 )
	=	195.294	/	1549.574
	=	0.13

Xi'an Catering 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 )
	=	193.813	/	1523.244
	=	0.13

Xi'an Catering Co (SZSE:000721) 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.

Xi'an Catering Co LT-Debt-to-Total-Asset Related Terms

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Xi'an Catering Co (SZSE:000721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Xi'an Catering Co Ltd (SZSE:000721) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.27, West Section of South 2nd Ring, 6th Floor, Xi'an Tourism Building, Beilin District, Shaanxi, Xi'an, CHN, 710061

Website

http://www.xcsg.com

Xi'an Catering Co Ltd a China-based company, engaged in providing catering services and also has a food processing segment.

Executives

Zhu Yi Dong	Supervisors
Li Hui Qin	Executives
Zhang Xin Yu	Executives
Zhang Zhang An	Directors, executives
Guo Yang Tuan	Directors, Directors, and Executives
Wu Wen Hua	Directors, executives
Zhang Yong Hong	Executives
Zhang Nai Kuan	Executives, supervisors
Hu Chang Min	Director
Li Yi Wei	Executives, supervisors
Zheng Li	Director

Xi'an Catering Co (SZSE:000721) Headlines

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