LBX Pharmacy Chain JSC (SHSE:603883) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2023)

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What is LBX Pharmacy Chain JSC 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. LBX Pharmacy Chain JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.16.

LBX Pharmacy Chain JSC's long-term debt to total assets ratio declined from Sep. 2022 (0.20) to Sep. 2023 (0.16). It may suggest that LBX Pharmacy Chain JSC is progressively becoming less dependent on debt to grow their business.

LBX Pharmacy Chain JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for LBX Pharmacy Chain JSC'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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LBX Pharmacy Chain JSC LT-Debt-to-Total-Asset Chart

LBX Pharmacy Chain JSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

0.07

0.19

0.21

0.16

LBX Pharmacy Chain JSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.16	0.15	0.16	0.16

LBX Pharmacy Chain JSC LT-Debt-to-Total-Asset Calculation

LBX Pharmacy Chain JSC'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 )
	=	3399.514	/	21397.333
	=	0.16

LBX Pharmacy Chain JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	3445.284	/	21325.004
	=	0.16

LBX Pharmacy Chain JSC (SHSE:603883) 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.

LBX Pharmacy Chain JSC LT-Debt-to-Total-Asset Related Terms

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LBX Pharmacy Chain JSC (SHSE:603883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LBX Pharmacy Chain JSC (SHSE:603883) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 288, Xiangya Road, Kaifu District, Hunan, Changsha, CHN, 410005

Website

http://www.lbxdrugs.com

LBX Pharmacy Chain JSC is a China-based company engages in the sale of medicine and health products. The company is engaged in retailing drugs and other related products, including Chinese and Western medicine, prepared slices of Chinese crude drugs, health equipment, healthy food, and personal care products and life care products. The company is also involved in the wholesale and manufacture of drugs.

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