Guangzhou Hexin Instrument Co (SHSE:688622) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2024)

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What is Guangzhou Hexin Instrument 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. Guangzhou Hexin Instrument Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.19.

Guangzhou Hexin Instrument Co's long-term debt to total assets ratio increased from Dec. 2023 (0.10) to Dec. 2024 (0.19). It may suggest that Guangzhou Hexin Instrument Co is progressively becoming more dependent on debt to grow their business.

Guangzhou Hexin Instrument Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangzhou Hexin Instrument 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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Guangzhou Hexin Instrument Co LT-Debt-to-Total-Asset Chart

Guangzhou Hexin Instrument Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.04

0.06

0.10

0.19

Guangzhou Hexin Instrument Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.13	0.14	0.15	0.19

Guangzhou Hexin Instrument Co LT-Debt-to-Total-Asset Calculation

Guangzhou Hexin Instrument Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	162.963	/	877.114
	=	0.19

Guangzhou Hexin Instrument Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	162.963	/	877.114
	=	0.19

Guangzhou Hexin Instrument Co (SHSE:688622) 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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Guangzhou Hexin Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Hexin Instrument Co Ltd (SHSE:688622) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

No. 11 Kaiyuan Avenue, Room 102, Building A3, Room 301, Room 401, Huangpu District, Guangdong Province, Guangzhou, CHN, 510530

Website

http://www.tofms.net

Guangzhou Hexin Instrument Co Ltd is engaged in providing high-end mass spectrometry products as well as relevant testing service. The company provides various high quality mass spectrometry products and service solutions in the fields of environmental monitoring, biological sciences, medicine, food safety, and industrial production, among others.

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