Concord Medical Co (ROCO:6518) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2024)

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What is Concord Medical 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. Concord Medical Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.15.

Concord Medical Co's long-term debt to total assets ratio declined from Dec. 2023 (0.16) to Dec. 2024 (0.15). It may suggest that Concord Medical Co is progressively becoming less dependent on debt to grow their business.

Concord Medical Co LT-Debt-to-Total-Asset Historical Data

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

Concord Medical Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.26

0.16

0.14

0.16

0.15

Concord Medical 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															0.14	0.15	0.16	0.17	0.15

Concord Medical Co LT-Debt-to-Total-Asset Calculation

Concord Medical Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	176.461	/	1163.793
	=	0.15

Concord Medical Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	176.461	/	1163.793
	=	0.15

Concord Medical Co (ROCO:6518) 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.

Concord Medical Co LT-Debt-to-Total-Asset Related Terms

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Concord Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Concord Medical Co Ltd (ROCO:6518) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Number 266, Wenhua Road, 12F, Sec.1, 12th Floor, Banqiao District, New Taipei City, Taipei, TWN, 22041

Website

http://www.concordmed.com.tw

Concord Medical Co Ltd is a Taiwan based company involved in providing hospital management support services including medical equipment leasing, pharmaceuticals, and medical consumables integrated supply. . The company's main business items are medical equipment, pharmaceuticals Product trading business, leasing business and management consulting services.

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