Chongqing Taiji Industry (Group) Co (SHSE:600129) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Chongqing Taiji Industry (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. Chongqing Taiji Industry (Group) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Chongqing Taiji Industry (Group) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.03). It may suggest that Chongqing Taiji Industry (Group) Co is progressively becoming less dependent on debt to grow their business.

Chongqing Taiji Industry (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Taiji Industry (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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Chongqing Taiji Industry (Group) Co LT-Debt-to-Total-Asset Chart

Chongqing Taiji Industry (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

0.11

0.06

0.04

0.03

Chongqing Taiji Industry (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															0.06	0.05	0.06	0.03	0.03

Chongqing Taiji Industry (Group) Co LT-Debt-to-Total-Asset Calculation

Chongqing Taiji Industry (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 )
	=	443.974	/	14411.774
	=	0.03

Chongqing Taiji Industry (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 )
	=	380.584	/	15372.287
	=	0.02

Chongqing Taiji Industry (Group) Co (SHSE:600129) 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.

Chongqing Taiji Industry (Group) Co LT-Debt-to-Total-Asset Related Terms

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Chongqing Taiji Industry (Group) Co (SHSE:600129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chongqing Taiji Industry (Group) Co Ltd (SHSE:600129) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Taiji Avenue, Fuling District, Chongqing, Chongqing, CHN, 408000

Website

http://www.taiji.com

Chongqing Taiji Industry Group is a China-based company engaged in the production and sales of Chinese and Western medicines. It is also engaged in the cultivation of medicinal herbs. Its products mainly include capsules, syrup, oral liquid, lyophilized series, tablets, infusion series, and injections. The company mainly conducts its business in domestic and overseas markets.

Executives

Zhu Ming Xi	Director
Xu Wei Guo	Supervisors

Chongqing Taiji Industry (Group) Co (SHSE:600129) Headlines

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