Tong Ren Tang Technologies Co (FRA:TNG) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Tong Ren Tang Technologies 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. Tong Ren Tang Technologies Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Tong Ren Tang Technologies Co's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.13). It may suggest that Tong Ren Tang Technologies Co is progressively becoming more dependent on debt to grow their business.

Tong Ren Tang Technologies Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tong Ren Tang Technologies 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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Tong Ren Tang Technologies Co LT-Debt-to-Total-Asset Chart

Tong Ren Tang Technologies Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.07

0.10

0.11

0.09

Tong Ren Tang Technologies Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.12	0.11	0.13	0.09

Tong Ren Tang Technologies Co LT-Debt-to-Total-Asset Calculation

Tong Ren Tang Technologies 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 )
	=	189.546	/	1734.769
	=	0.11

Tong Ren Tang Technologies 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 )
	=	235.429	/	1829.767
	=	0.13

Tong Ren Tang Technologies Co (FRA:TNG) 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.

Tong Ren Tang Technologies Co LT-Debt-to-Total-Asset Related Terms

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Tong Ren Tang Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tong Ren Tang Technologies Co Ltd (FRA:TNG) » Definitions » LT-Debt-to-Total-Asset

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TGRNF:USA 01666:Hong Kong

Address

No. 16 Tongji Beilu, Beijing Economic and Technological Development Zone, Beijing, CHN

Website

https://www.tongrentangkj.com

Tong Ren Tang Technologies Co Ltd is engaged in the production and distribution of Chinese medicine and predominantly operates in Mainland China and Hong Kong. The operating segments derive their revenue predominantly from the manufacture and sale of Chinese medicine of the company in Mainland China and Tong Ren Tang Chinese Medicine and its subsidiaries engaged in manufacturing, retail, and wholesale of Chinese medicine products and healthcare products, and provision of Chinese medical consultation and treatments outside Mainland China and wholesale of healthcare products in Mainland China.

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