Jiangsu Yahong Meditech Co (SHSE:688176) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Jiangsu Yahong Meditech 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. Jiangsu Yahong Meditech Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Jiangsu Yahong Meditech Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Jiangsu Yahong Meditech Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Yahong Meditech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Yahong Meditech 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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Jiangsu Yahong Meditech Co LT-Debt-to-Total-Asset Chart

Jiangsu Yahong Meditech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Jiangsu Yahong Meditech Co Quarterly Data
	Dec18	Dec19	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														0.02	0.02	0.02	0.02	0.02

Jiangsu Yahong Meditech Co LT-Debt-to-Total-Asset Calculation

Jiangsu Yahong Meditech 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 )
	=	50.765	/	2632.27
	=	0.02

Jiangsu Yahong Meditech Co'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 )
	=	50.478	/	2313.843
	=	0.02

Jiangsu Yahong Meditech Co (SHSE:688176) 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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Jiangsu Yahong Meditech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangsu Yahong Meditech Co Ltd (SHSE:688176) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1000, Jinhai Road, 12th Floor, Building 56, Pilot Free Trade Zone, Shanghai, CHN, 225300

Website

https://asieris.cn

Jiangsu Yahong Meditech Co Ltd is a pharmaceutical company integrating research and development, production and commercialization in the field of focused treatment, providing the integration of diagnosis and treatment for Chinese and global patients Solutions.

Executives

Yang Ming Yuan	Directors, senior managers
	Directors, senior managers, core technical personn

Jiangsu Yahong Meditech Co Headlines

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