Double Medical Technology (SZSE:002901) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Double Medical Technology 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. Double Medical Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Double Medical Technology's long-term debt to total assets ratio declined from Dec. 2023 (0.06) to Dec. 2024 (0.06). It may suggest that Double Medical Technology is progressively becoming less dependent on debt to grow their business.

Double Medical Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Double Medical Technology'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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Double Medical Technology LT-Debt-to-Total-Asset Chart

Double Medical Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.06

Double Medical Technology 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															0.06	0.06	0.05	0.05	0.06

Double Medical Technology LT-Debt-to-Total-Asset Calculation

Double Medical Technology'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 )
	=	248.294	/	4418.93
	=	0.06

Double Medical Technology'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 )
	=	248.294	/	4418.93
	=	0.06

Double Medical Technology (SZSE:002901) 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.

Double Medical Technology LT-Debt-to-Total-Asset Related Terms

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Double Medical Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Double Medical Technology Inc (SZSE:002901) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 18, Hongdong Road, Haicang District, Fujian Province, Shanbian, Xiamen, CHN, 361027

Website

http://www.double-medical.com

Double Medical Technology Inc provides services and devices in the areas of orthopedics, wound management, neurosurgery, and general surgery. It offers product related to Trauma, Spinal and joint. The business activities are carried out through China.

Executives

Chen Dan He	Executives
Han Shao Jian	Executives
Ruan Dong Yang	Executives
Luo Jiong	Directors, executives
Hua Xian Nan	Secretary Dong
Li Hui	Independent director
Zhan Huan Huan	Supervisors

Double Medical Technology Headlines

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