Blueil Medical Co (SZSE:002382) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Blueil Medical 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. Blueil Medical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Blueil Medical Co's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.12). It may suggest that Blueil Medical Co is progressively becoming less dependent on debt to grow their business.

Blueil Medical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Blueil Medical 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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Blueil Medical Co LT-Debt-to-Total-Asset Chart

Blueil Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.20

0.17

0.18

0.12

Blueil Medical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.14	0.12	0.12

Blueil Medical Co LT-Debt-to-Total-Asset Calculation

Blueil Medical 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 )
	=	1825.785	/	15633.249
	=	0.12

Blueil Medical Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1914.388	/	16497.458
	=	0.12

Blueil Medical Co (SZSE:002382) 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.

Blueil Medical Co LT-Debt-to-Total-Asset Related Terms

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Blueil Medical Co (SZSE:002382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Blue Sail Medical Co Ltd (SZSE:002382) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Qingtian Road, Qilu Chemical Industrial Zone, Shandong, Zibo, CHN, 255400

Website

http://www.bluesailsurgical.com

Blue Sail Medical Co Ltd is engaged in the manufacturing of health protective gloves. The products of the company include single use PVC inspection gloves, disposable PVC oral examination, single use rubber inspection gloves, and disposable rubber oral examination.

Executives

Liu Wen Jing	Director
Zhong Shu Qiao	Directors, executives
Yu Su Hua	Director
Li Zhen Ping	Director
Sun Chuan Zhi	Directors, executives
Gu Lei Min	Executives
Li Bing Rong	Executives, directors
Yang Fan	Executives
Han Bang You	Secretary, Director
Zhao Min	Securities Affairs Representative
Zhang Yong Chen	Executives
Cao Yuan He	Executives

Blueil Medical Co (SZSE:002382) Headlines

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