Beijing Dabeinong Technology Group Co (SZSE:002385) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Beijing Dabeinong Technology Group 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. Beijing Dabeinong Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Beijing Dabeinong Technology Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.11). It may suggest that Beijing Dabeinong Technology Group Co is progressively becoming less dependent on debt to grow their business.

Beijing Dabeinong Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing Dabeinong Technology Group 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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Beijing Dabeinong Technology Group Co LT-Debt-to-Total-Asset Chart

Beijing Dabeinong Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.10

0.12

0.11

0.10

Beijing Dabeinong Technology Group 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															0.12	0.11	0.11	0.10	0.11

Beijing Dabeinong Technology Group Co LT-Debt-to-Total-Asset Calculation

Beijing Dabeinong Technology Group 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 )
	=	2927.595	/	29784.363
	=	0.10

Beijing Dabeinong Technology Group 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 )
	=	3050.537	/	28905.434
	=	0.11

Beijing Dabeinong Technology Group Co (SZSE:002385) 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.

Beijing Dabeinong Technology Group Co LT-Debt-to-Total-Asset Related Terms

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Beijing Dabeinong Technology Group Co (SZSE:002385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beijing Dabeinong Technology Group Co Ltd (SZSE:002385) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Zhongguancun Street, 14th Floor, Zhongguancun Building, Number 27, Haidian, Beijing, CHN, 100080

Website

http://www.dbn.com.cn

Beijing Dabeinong Technology Group Co Ltd is a China-based company producing and distributing feed and seed products, animal health products, and plant protection products among others.

Executives

Zhang Li Zhong	Director
Shao Gen Huo	Director
Chen Zhong Heng	Directors, executives
Tan Song Lin	Supervisors
Zhou Ye Jun	Directors, executives
Feng Yu Jun	Independent director
Zhang Jie	Supervisors
Lin Sun Xiong	Executives
Xue Su Wen	Director
Wu Wen	Executives
Zhu Lin	Supervisors
Qiu Yu Wen	Director
Song Wei Ping	Executives
Wang Ping	Supervisors
Zhen Guo Zhen	Director

Beijing Dabeinong Technology Group Co (SZSE:002385) Headlines

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