Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Sichuan Gangtong Medical Equipment 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. Sichuan Gangtong Medical Equipment Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Sichuan Gangtong Medical Equipment Group Co's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.00). It may suggest that Sichuan Gangtong Medical Equipment Group Co is progressively becoming less dependent on debt to grow their business.

Sichuan Gangtong Medical Equipment Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Gangtong Medical Equipment 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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Sichuan Gangtong Medical Equipment Group Co LT-Debt-to-Total-Asset Chart

Sichuan Gangtong Medical Equipment Group Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Sichuan Gangtong Medical Equipment Group Co Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Sichuan Gangtong Medical Equipment Group Co LT-Debt-to-Total-Asset Calculation

Sichuan Gangtong Medical Equipment 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 )
	=	8.514	/	1996.714
	=	0.00

Sichuan Gangtong Medical Equipment Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	6.767	/	1950.624
	=	0.00

Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) 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.

Sichuan Gangtong Medical Equipment Group Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Gangtong Medical Equipment Group Co Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sichuan Gangtong Medical Equipment Group Co Ltd (SZSE:301515) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 356, South Section of Kailiwei Industrial Avenue, Sichuan, Jianyang, CHN, 641400

Website

http://www.gtjt.com

Sichuan Gangtong Medical Equipment Group Co Ltd is a modern provider of medical device research & development and manufacturing and medical professional system overall solutions. It is committed to solving the problems of medical gas supply and medical infection, providing various medical institutions with safe, stable, reliable and intelligent life support systems and life support areas.

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