Gushengtang Holdings (FRA:F2P) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Gushengtang Holdings 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. Gushengtang Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Gushengtang Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.08) to Jun. 2024 (0.09). It may suggest that Gushengtang Holdings is progressively becoming more dependent on debt to grow their business.

Gushengtang Holdings LT-Debt-to-Total-Asset Historical Data

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

Gushengtang Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.29

0.11

0.08

0.12

Gushengtang Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.11	0.08	0.08	0.09	0.12

Gushengtang Holdings LT-Debt-to-Total-Asset Calculation

Gushengtang Holdings'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 )
	=	35.613	/	434.001
	=	0.08

Gushengtang Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	36.803	/	434.829
	=	0.08

Gushengtang Holdings (FRA:F2P) 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.

Gushengtang Holdings LT-Debt-to-Total-Asset Related Terms

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Gushengtang Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Gushengtang Holdings Ltd (FRA:F2P) » Definitions » LT-Debt-to-Total-Asset

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02273:Hong Kong

Address

No. 419, Qingsha Road, Room 005, Dongchong Town, Nansha District, Guangzhou, CHN

Website

https://www.gstzy.cn

Gushengtang Holdings Ltd is a traditional Chinese medicine (TCM) company. Through offline medical institutions and online healthcare platforms, it provides customers with a comprehensive range of TCM healthcare services and products to address diverse medical and healthcare management needs. As all of the Group's revenue is derived from the PRC.

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