Ginwa Enterprise Group (SHSE:600080) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Ginwa Enterprise Group 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. Ginwa Enterprise Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Ginwa Enterprise Group's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that Ginwa Enterprise Group is progressively becoming more dependent on debt to grow their business.

Ginwa Enterprise Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ginwa Enterprise Group'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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Ginwa Enterprise Group LT-Debt-to-Total-Asset Chart

Ginwa Enterprise Group Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

Ginwa Enterprise Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.01	0.01

Ginwa Enterprise Group LT-Debt-to-Total-Asset Calculation

Ginwa Enterprise Group'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 )
	=	5.429	/	2108.551
	=	0.00

Ginwa Enterprise Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	9.803	/	1859.78
	=	0.01

Ginwa Enterprise Group (SHSE:600080) 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.

Ginwa Enterprise Group LT-Debt-to-Total-Asset Related Terms

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Ginwa Enterprise Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ginwa Enterprise Group Inc (SHSE:600080) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Gaoxin 3rd Road, 40th Floor, South Tower, Phase III, Fortune Center, Gaoxin District, Xi'an, CHN, 710075

Website

http://www.ginwa.com

Ginwa Enterprise Group Inc operates in the pharmaceutical industry. The main business is the research and development, production, and sales of drugs, and the product line covers chemical drugs, Chinese patent medicines, raw materials, and health products. The dosage forms include tablets, capsules, granules, powders, mixtures, oral solutions, syrups, external solutions, and more than 100 varieties and specifications.

Executives

Zhang Chao Yang	Director
Zhang Mei	Director
Tao Yu	senior management
Qin Chuan	Director
Hou Yi Wen	senior management
Ge Xiu Li	Supervisors

Ginwa Enterprise Group Headlines

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