SHIGF (Sanai Health Industry Group Co) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Sanai Health Industry 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. Sanai Health Industry Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Sanai Health Industry Group Co's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.14). It may suggest that Sanai Health Industry Group Co is progressively becoming more dependent on debt to grow their business.

Sanai Health Industry Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sanai Health Industry 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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Sanai Health Industry Group Co LT-Debt-to-Total-Asset Chart

Sanai Health Industry Group Co Annual Data

Trend

Dec14

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

Sanai Health Industry Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.15	0.14

Sanai Health Industry Group Co LT-Debt-to-Total-Asset Calculation

Sanai Health Industry 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 )
	=	7.561	/	53.702
	=	0.14

Sanai Health Industry Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	7.561	/	53.702
	=	0.14

Sanai Health Industry Group Co (OTCPK:SHIGF) 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.

Sanai Health Industry Group Co LT-Debt-to-Total-Asset Related Terms

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Sanai Health Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sanai Health Industry Group Co Ltd (OTCPK:SHIGF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

01889:Hong Kong WUP:Germany

Address

57 Hung To Road, Unit 5, 7th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.1889hk.com

Sanai Health Industry Group Co Ltd is a pharmaceutical company. The company has three reportable segments namely Pharmaceutical products includes development, manufacturing, marketing and sales of pharmaceutical products and related software and provision of consultancy services. Finance leasing includes the provision of financial leasing services; Genetic testing and molecular diagnostic services segment. It generates maximum revenue from Pharmaceutical products segments. Geographically, it derives a majority revenue from PRC.

Sanai Health Industry Group Co Headlines

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