Chenguang Biotech Group Co (SZSE:300138) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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

Chenguang Biotech Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.13). It may suggest that Chenguang Biotech Group Co is progressively becoming more dependent on debt to grow their business.

Chenguang Biotech Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chenguang Biotech 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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Chenguang Biotech Group Co LT-Debt-to-Total-Asset Chart

Chenguang Biotech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.22

0.05

0.11

0.10

Chenguang Biotech 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															0.10	0.04	0.06	0.10	0.13

Chenguang Biotech Group Co LT-Debt-to-Total-Asset Calculation

Chenguang Biotech 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 )
	=	868.786	/	8539.58
	=	0.10

Chenguang Biotech 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 )
	=	1180.523	/	9080.731
	=	0.13

Chenguang Biotech Group Co (SZSE:300138) 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.

Chenguang Biotech Group Co LT-Debt-to-Total-Asset Related Terms

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Chenguang Biotech Group Co (SZSE:300138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chenguang Biotech Group Co Ltd (SZSE:300138) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Number 1 Chenguang Road, Hebei Province, Quzhou, CHN, 057250

Website

http://www.cn-cg.com

Chenguang Biotech Group Co Ltd is engaged in the processing of agricultural products and herb extracts in China. Its products include natural colors, including paprika oleoresin, marigold oleoresin, curcumin, red rice red, red cabbage, and red beet; and natural spice extracts and essential oils, such as capsicum oleoresin, zanthoxylum oil and oleoresin, black pepper oil and oleoresin, ginger oil and oleoresin, turmeric oil, star anise oil and oleoresin, cumin oil and oleoresin, garlic oil and oleoresin, and common fennel oil and oleoresin.

Executives

Li Feng Fei	Executives
Zhou Jing	Directors, Directors, and Executives
Li Yue Zhai	Director
Lian Yun He	Executives
Chen Yun Xia	Executives
Zhao Tao	Supervisors
Yuan Xin Ying	Supervisors
Liu Zhang Lin	Independent director
Lu Qing Guo	Directors, executives
Zhou Fang Sheng	Independent director
Wang Shu Hong	Independent director
Liu Ying Shan	Director
Han Wen Jie	Executives
Liu Dong Ming	Supervisors
Yang Wen Fang	Supervisors

Chenguang Biotech Group Co (SZSE:300138) Headlines

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