Johnson Health Tech Co (TPE:1736) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Johnson Health Tech 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. Johnson Health Tech Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Johnson Health Tech Co's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.22). It may suggest that Johnson Health Tech Co is progressively becoming less dependent on debt to grow their business.

Johnson Health Tech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Johnson Health Tech 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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Johnson Health Tech Co LT-Debt-to-Total-Asset Chart

Johnson Health Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.14

0.11

0.10

0.22

Johnson Health Tech 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															0.28	0.28	0.19	0.22	0.22

Johnson Health Tech Co LT-Debt-to-Total-Asset Calculation

Johnson Health Tech 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 )
	=	7867.835	/	36421.84
	=	0.22

Johnson Health Tech 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 )
	=	7798.599	/	35463.098
	=	0.22

Johnson Health Tech Co (TPE:1736) 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.

Johnson Health Tech Co LT-Debt-to-Total-Asset Related Terms

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Johnson Health Tech Co (TPE:1736) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Johnson Health Tech Co Ltd (TPE:1736) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 999, Dongda Road, Section 2, Daya District, Taichung, TWN, 428

Website

https://www.johnsonfitness.com

Johnson Health Tech Co Ltd is a producer of fitness equipment. The company operates several brands including Matrix, Vision Fitness, Horizon Fitness, Treo Fitness, and Tempo Fitness. Johnson Health Tech produces equipment for both home and commercial gyms. The firm has four reporting segments which include American, European, Asian, and other. The majority of the revenue derives from the American segment which is In charge of selling cardiovascular equipment and research and development of training equipment in America.

Johnson Health Tech Co (TPE:1736) Headlines

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