Guangdong Yantang Dairy Co (SZSE:002732) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Guangdong Yantang Dairy 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. Guangdong Yantang Dairy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Guangdong Yantang Dairy Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Guangdong Yantang Dairy Co is progressively becoming less dependent on debt to grow their business.

Guangdong Yantang Dairy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Yantang Dairy 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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Guangdong Yantang Dairy Co LT-Debt-to-Total-Asset Chart

Guangdong Yantang Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Guangdong Yantang Dairy 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															0.02	0.02	0.02	0.02	0.02

Guangdong Yantang Dairy Co LT-Debt-to-Total-Asset Calculation

Guangdong Yantang Dairy 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 )
	=	32.194	/	1939.978
	=	0.02

Guangdong Yantang Dairy 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 )
	=	28.462	/	1870.351
	=	0.02

Guangdong Yantang Dairy Co (SZSE:002732) 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.

Guangdong Yantang Dairy Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Yantang Dairy Co (SZSE:002732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangdong Yantang Dairy Co Ltd (SZSE:002732) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shahe Yantang, Tianhe District, Guangzhou, CHN, 510507

Website

http://www.yantangmilk.com

Guangdong Yantang Dairy Co Ltd is a dairy producer. The company along with its subsidiaries covers forage planting, dairy farming, food research and development, logistics, transportation, marketing, e-commerce and other fields.

Executives

Wu Cheng Yun	Executives
Xie Li Min	Director
Li Chun Feng	Directors, executives
Feng Li Ke	Directors, executives
Huang Xuan	Director
Yu Bao Ning	Executives
Liu Shi Kun	Executives
Xie Yong	Director
Wu Shu Rong	Directors, executives
Chen Chen	Supervisors

Guangdong Yantang Dairy Co (SZSE:002732) Headlines

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