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China Meheco Group Co (SHSE:600056) Debt-to-Asset : 0.16 (As of Sep. 2024)


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What is China Meheco Group Co Debt-to-Asset?

China Meheco Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4,134 Mil. China Meheco Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,879 Mil. China Meheco Group Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥37,878 Mil. China Meheco Group Co's debt to asset for the quarter that ended in Sep. 2024 was 0.16.

China Meheco Group Co Debt-to-Asset Historical Data

The historical data trend for China Meheco Group Co's Debt-to-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.

* Premium members only.

China Meheco Group Co Debt-to-Asset Chart

China Meheco Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.14 0.15 0.15 0.15

China Meheco Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.15 0.15 0.16 0.16

Competitive Comparison of China Meheco Group Co's Debt-to-Asset

For the Medical Distribution subindustry, China Meheco Group Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Meheco Group Co's Debt-to-Asset Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China Meheco Group Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where China Meheco Group Co's Debt-to-Asset falls into.


China Meheco Group Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

China Meheco Group Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2852.019 + 2768.404) / 37409.912
=0.15

China Meheco Group Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4134.24 + 1879.045) / 37877.877
=0.16

* 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.

China Meheco Group Co  (SHSE:600056) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

China Meheco Group Co Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of China Meheco Group Co's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

China Meheco Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Meheco Group Co Ltd (SHSE:600056) » Definitions » Debt-to-Asset
Comparable Companies
SHSE:600739 SZSE:000028 SZSE:000950 SHSE:600511 SHSE:603368 SZSE:002589 SZSE:002551 SHSE:600332 SHSE:601607 MCK COR CAH HSIC HKSE:01099 MIL:AMP XSWX:GALE NZSE:EBO TSE:7459 TSE:2784 ASX:SIG
Traded in Other Exchanges
N/A
Address
No. 1 Xiying Street, Floor 18-28, Block B, Building 1, General Times Center, District 1, Fengtai, Beijing, CHN, 100073
Website
https://www.meheco.com
China Meheco Group Co Ltd is engaged in the distribution and trading of botanical medicines, medical instruments, and pharmaceuticals. It offers botanic medicines and herbal products, as well as exports of natural medicines, including herbs, spices, plant extracts, bee products, and Chinese traditional medicines. The company's business scope covers the whole industry chain, from research and development, cultivation and processing, manufacturing, distribution, and logistics to international trading, academic promotion, and technical service. The corporation provides trading services for customers in the pharmaceutical and chemical field, covering APIs, preparations, biologicals, blood products, and others.
Executives
Qi Jian Xi senior management
Ni Xiao Ling Director

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