Zhejiang Huakang Pharmaceutical Co (SHSE:605077) LT-Debt-to-Total-Asset : 0.27 (As of Jun. 2024)

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What is Zhejiang Huakang Pharmaceutical 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. Zhejiang Huakang Pharmaceutical Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.27.

Zhejiang Huakang Pharmaceutical Co's long-term debt to total assets ratio increased from Jun. 2023 (0.19) to Jun. 2024 (0.27). It may suggest that Zhejiang Huakang Pharmaceutical Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Huakang Pharmaceutical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Huakang Pharmaceutical 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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Zhejiang Huakang Pharmaceutical Co LT-Debt-to-Total-Asset Chart

Zhejiang Huakang Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.04

0.01

0.09

0.30

Zhejiang Huakang Pharmaceutical 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															0.19	0.19	0.30	0.33	0.27

Zhejiang Huakang Pharmaceutical Co LT-Debt-to-Total-Asset Calculation

Zhejiang Huakang Pharmaceutical 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 )
	=	1868.498	/	6177.682
	=	0.30

Zhejiang Huakang Pharmaceutical 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 )
	=	1621.843	/	5971.725
	=	0.27

Zhejiang Huakang Pharmaceutical Co (SHSE:605077) 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.

Zhejiang Huakang Pharmaceutical Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Huakang Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Huakang Pharmaceutical Co Ltd (SHSE:605077) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 18, Huagong Road, Huabu Town, Zhejiang Province, Kaihua County, Quzhou, CHN, 324302

Website

http://www.huakangpharma.com

Zhejiang Huakang Pharmaceutical Co Ltd is engaged in the research and development, production and sales of various functional sugar alcohols and starch sugar products such as xylitol, sorbitol, maltitol, fructose syrup and others.

Executives

Du Yong Rui	Director
Zheng Fang Ming	senior management
Jiang Xue Song	Supervisors
Yu Jian Ming	Directors, senior managers
Chen De Shui	Directors, senior managers
Xu Xiao Rong	Director
Cheng Xin Ping	Directors, senior managers
Yan Xiao Xing	Supervisors
Cao Jian Hong	Director

Zhejiang Huakang Pharmaceutical Co Headlines

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