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Etao International Co (Etao International Co) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2023)


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What is Etao International 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. Etao International Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.37.

Etao International Co's long-term debt to total assets ratio increased from Dec. 2021 (0.03) to Jun. 2023 (0.37). It may suggest that Etao International Co is progressively becoming more dependent on debt to grow their business.

Etao International Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Etao International 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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Etao International Co LT-Debt-to-Total-Asset Chart

Etao International Co Annual Data
Trend Dec21 Dec22
LT-Debt-to-Total-Asset
0.03 0.10

Etao International Co Quarterly Data
Sep21 Dec21 Jun22 Sep22 Dec22 Jun23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.03 - - 0.10 0.37

Etao International Co LT-Debt-to-Total-Asset Calculation

Etao International Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=5.345/52.99
=0.10

Etao International Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=1.623/4.429
=

* 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.

Etao International Co  (OTCPK:ETAOF) 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.

Etao International Co LT-Debt-to-Total-Asset Related Terms

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Etao International Co (Etao International Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Etao International Co Ltd (OTCPK:ETAOF) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
1460 Broadway, 14th Floor, New York, NY, USA, 10036
Website
https://www.etao.world
Etao International Co Ltd is a digital healthcare group providing medical care and biomedical technologies to patients in China. It provides a comprehensive healthcare service consisting of both online and offline capabilities. These services include online health insurance and pharmacy, digital diabetes management, and biotech. Offline healthcare services include hospital and specialty clinics, such as infertility, orthopedic surgery, plastic surgery, and primary care.