Shanghai Topcare Medical Services Co (SHSE:600532) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2023)

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What is Shanghai Topcare Medical Services 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. Shanghai Topcare Medical Services Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.03.

Shanghai Topcare Medical Services Co's long-term debt to total assets ratio declined from Mar. 2022 (0.03) to Mar. 2023 (0.03). It may suggest that Shanghai Topcare Medical Services Co is progressively becoming less dependent on debt to grow their business.

Shanghai Topcare Medical Services Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Topcare Medical Services 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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Shanghai Topcare Medical Services Co LT-Debt-to-Total-Asset Chart

Shanghai Topcare Medical Services Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.06

0.05

0.03

Shanghai Topcare Medical Services Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Shanghai Topcare Medical Services Co LT-Debt-to-Total-Asset Calculation

Shanghai Topcare Medical Services Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	73.657	/	2552.918
	=	0.03

Shanghai Topcare Medical Services Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	68.248	/	2538.661
	=	0.03

Shanghai Topcare Medical Services Co (SHSE:600532) 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.

Shanghai Topcare Medical Services Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Topcare Medical Services Co (SHSE:600532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Topcare Medical Services Co Ltd (SHSE:600532) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

488 Yincheng Middle Road, Room 2302, Taiping Financial Building, Pudong New Area, Shanghai, CHN, 200120

Website

http://www.hdky600532.com

Shanghai Topcare Medical Services Co Ltd, formerly Shanghai Hongda Mining Co Ltd and its subsidiaries are engaged in mining and exploration in Shandong Province.

Executives

Cui Zhi Huo	Director
Zhu Shi Min	senior management

Shanghai Topcare Medical Services Co (SHSE:600532) Headlines

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