EHGO (Eshallgo) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Eshallgo 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. Eshallgo's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Eshallgo's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.01) to Mar. 2024 (0.01).

Eshallgo LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eshallgo'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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Eshallgo LT-Debt-to-Total-Asset Chart

Eshallgo Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.03

0.01

Eshallgo Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.01	0.01	0.01	0.01

Eshallgo LT-Debt-to-Total-Asset Calculation

Eshallgo's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.187	/	19.687
	=	0.01

Eshallgo'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 )
	=	0.187	/	19.687
	=	0.01

Eshallgo (NAS:EHGO) 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.

Eshallgo LT-Debt-to-Total-Asset Related Terms

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Eshallgo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eshallgo Inc (NAS:EHGO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 70, Lane 818, Xianing Road, Room 2554, Jinshan Industrial Zone, Pudong New District, Shanghai, CHN, 201506

Website

http://www.eshallgo.com

Eshallgo Inc. focuses on two distinct market sectors: office supply sale and leasing, and after-sale maintenance and repair. It is an authorized distributor of brands of office equipment, including HP, Epson, Xerox, Sharp, Toshiba, Konica, Kyocera, and other brands.

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