Ji Yao Holding Group Co (SZSE:300108) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is Ji Yao Holding Group 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. Ji Yao Holding Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

Ji Yao Holding Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.27) to Mar. 2024 (0.36). It may suggest that Ji Yao Holding Group Co is progressively becoming more dependent on debt to grow their business.

Ji Yao Holding Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ji Yao Holding Group 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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Ji Yao Holding Group Co LT-Debt-to-Total-Asset Chart

Ji Yao Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.22

0.28

0.26

0.35

Ji Yao Holding Group 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															0.27	0.30	0.30	0.35	0.36

Ji Yao Holding Group Co LT-Debt-to-Total-Asset Calculation

Ji Yao Holding Group 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 )
	=	676.641	/	1913.802
	=	0.35

Ji Yao Holding Group 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 )
	=	677.017	/	1892.261
	=	0.36

Ji Yao Holding Group Co (SZSE:300108) 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.

Ji Yao Holding Group Co LT-Debt-to-Total-Asset Related Terms

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Ji Yao Holding Group Co (SZSE:300108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ji Yao Holding Group Co Ltd (SZSE:300108) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 6, Huancheng North Road, Jilin Province, Meihekou, CHN, 135000

Website

http://www.jiyaogroup.com

Ji Yao Holding Group Co Ltd is a China based company involved in the pharmaceutical industry. It offers Chinese and Western medicines in the areas of pediatrics, phlegm and cough, gynecology, cardiovascular and cerebrovascular, antiviral, urinary, anti-inflammatory, gastrointestinal, tonic class, and rheumatoid immunity.

Executives

You Ke Li	Executives
Xin Da Cheng	Executives
Lu Zhong Kui	Director
Liu Long	Executives
Wang De Heng	Directors, executives
Zhang Liang	Directors, Directors, and Executives
Sun Jun	Directors, executives
Zhang Xin Qiang	Director

Ji Yao Holding Group Co (SZSE:300108) Headlines

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