Shanghai Rongtai Health Technology (SHSE:603579) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Shanghai Rongtai Health Technology 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 Rongtai Health Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Shanghai Rongtai Health Technology's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.19) to Sep. 2024 (0.19).

Shanghai Rongtai Health Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Rongtai Health Technology'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 Rongtai Health Technology LT-Debt-to-Total-Asset Chart

Shanghai Rongtai Health Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.18

0.19

Shanghai Rongtai Health Technology 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															0.19	0.19	0.18	0.19	0.19

Shanghai Rongtai Health Technology LT-Debt-to-Total-Asset Calculation

Shanghai Rongtai Health Technology'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 )
	=	626.111	/	3384.899
	=	0.18

Shanghai Rongtai Health Technology'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 )
	=	648.612	/	3409.414
	=	0.19

Shanghai Rongtai Health Technology (SHSE:603579) 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 Rongtai Health Technology LT-Debt-to-Total-Asset Related Terms

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Shanghai Rongtai Health Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Rongtai Health Technology Corp Ltd (SHSE:603579) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1226 Zhu Feng Road, Qingpu District, Shanghai, CHN, 201714

Website

http://www.rongtai-china.com

Shanghai Rongtai Health Technology Corp Ltd is a China based company engaged in development, manufacturing and marketing of massage equipment. It also offers technology health solutions. The company's products include eye massager, massage chair series, mini massage chair, partial massage series products, massage stick, and waist massager.

Executives

Cao Tao	Supervisors
Ying Jian Sen	Director
Lin Guang Sheng	Director
Lin Qi	Director

Shanghai Rongtai Health Technology Headlines

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