Yimikang Tech Group Co (SZSE:300249) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Yimikang Tech 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. Yimikang Tech Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Yimikang Tech Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Yimikang Tech Group Co is progressively becoming less dependent on debt to grow their business.

Yimikang Tech Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yimikang Tech 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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Yimikang Tech Group Co LT-Debt-to-Total-Asset Chart

Yimikang Tech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.10

0.05

0.08

0.07

Yimikang Tech 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															0.08	0.06	0.05	0.07	0.07

Yimikang Tech Group Co LT-Debt-to-Total-Asset Calculation

Yimikang Tech 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 )
	=	113.549	/	1623.818
	=	0.07

Yimikang Tech 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 )
	=	102.419	/	1575.081
	=	0.07

Yimikang Tech Group Co (SZSE:300249) 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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Yimikang Tech Group Co (SZSE:300249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yimikang Tech Group Co Ltd (SZSE:300249) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 2, South 2nd Road, Keyuan , High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.sunrisegroup.com.cn

Yimikang Tech Group Co Ltd offers precision environment integrated solutions & services. It provides technology and solution services for IT construction, large healthcare construction, environmental governance and other cloud computing data centers. It operates in the business areas of the Information field, Medical field, and Environmental protection field. In the Information field, the company offers advanced products and total solutions in the fields of communication equipment, data center, smart building, and energy management. In the Medical field, it offers medical purification engineering, hospital's overall logistics system and medical equipment sales, and other services. Environmental protection consists of operation in the field of dust removal, desulfurization and out of stock.

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