Yonghe Medical Group Co (FRA:L97) LT-Debt-to-Total-Asset : 0.30 (As of Jun. 2024)

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What is Yonghe Medical Group 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. Yonghe Medical Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.30.

Yonghe Medical Group Co's long-term debt to total assets ratio declined from Jun. 2023 (0.33) to Jun. 2024 (0.30). It may suggest that Yonghe Medical Group Co is progressively becoming less dependent on debt to grow their business.

Yonghe Medical Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yonghe Medical Group 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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Yonghe Medical Group Co LT-Debt-to-Total-Asset Chart

Yonghe Medical Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.43

0.24

0.29

0.32

Yonghe Medical Group Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.26	0.29	0.33	0.32	0.30

Yonghe Medical Group Co LT-Debt-to-Total-Asset Calculation

Yonghe Medical Group 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 )
	=	99.235	/	313.95
	=	0.32

Yonghe Medical Group Co'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 )
	=	79.884	/	267.225
	=	0.30

Yonghe Medical Group Co (FRA:L97) 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.

Yonghe Medical Group Co LT-Debt-to-Total-Asset Related Terms

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Yonghe Medical Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Yonghe Medical Group Co Ltd (FRA:L97) » Definitions » LT-Debt-to-Total-Asset

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02279:Hong Kong

Address

11th Floor, 20 Ganluyuan Nanli, China Nuclear E&C Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.yonghegroup.cn

Yonghe Medical Group Co Ltd is a medical group in China that specializes in providing hair-related healthcare services. It is principally engaged in the provision of hair transplant services which are subject to similar types of services, similar classes of customers, similar regulatory environment, and similar business risk. The company generated the majority of the revenue from hair transplant services. It offers one-stop hair-related healthcare services covering hair transplants, medical hair care, routine hair restoration, and other ancillary services.

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