Zhende Medical Co (SHSE:603301) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Zhende 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. Zhende Medical Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Zhende Medical Co's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.07). It may suggest that Zhende Medical Co is progressively becoming more dependent on debt to grow their business.

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

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

Zhende Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.02

0.03

0.05

0.03

Zhende Medical Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.03	0.03	0.09	0.07

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

Zhende Medical 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 )
	=	239.395	/	7266.72
	=	0.03

Zhende Medical 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 )
	=	517.938	/	7795.782
	=	0.07

Zhende Medical Co (SHSE:603301) 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.

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Zhende Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zhende Medical Co Ltd (SHSE:603301) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Yubei Industrial Zone, Yucheng Town, Yuecheng District, Zhejiang, Shaoxing City, CHN, 312000

Website

http://www.zhende.com

Zhende Medical Co Ltd provides medical products. The company is engaged in the production and sale of medical dressing, pressure treatment and fixation, modern wound care, surgical infection management, and incontinence care products.

Executives

Xu Da Sheng	Director
Hu Xiu Yuan	Supervisors
Zhang Xian Tao	Director
Shen Zhen Dong	Directors, senior managers
Jin Hai Ping	Director
Shen Zhen Fang	Director
Lu Xing Ping	senior management

Zhende Medical Co Headlines

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