Medtecs International (TPE:9103) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Medtecs International 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. Medtecs International's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Medtecs International's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.01). It may suggest that Medtecs International is progressively becoming less dependent on debt to grow their business.

Medtecs International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Medtecs International'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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Medtecs International LT-Debt-to-Total-Asset Chart

Medtecs International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.01

0.03

0.02

0.01

Medtecs International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.02	0.02	0.01	0.01

Medtecs International LT-Debt-to-Total-Asset Calculation

Medtecs International'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 )
	=	70.097	/	5211.719
	=	0.01

Medtecs International'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 )
	=	67.376	/	5216.906
	=	0.01

Medtecs International (TPE:9103) 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.

Medtecs International LT-Debt-to-Total-Asset Related Terms

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Medtecs International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medtecs International Corp Ltd (TPE:9103) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

546:Singapore

Address

No. 330 Sen. Gil J. Puyat Avenue, 22nd Floor, The World Centre, Makati, PHL, 1227

Website

https://www.medtecs.com

Medtecs International Corp Ltd is an investment holding company. The company along with its subsidiaries is a manufacturer of medical consumables and provides healthcare products and services. It operates in three segments The Manufacturing segment produces and sub-contracts medical consumables, including patients apparels, disposable surgical masks, boot covers and surgical gowns, adult diapers, underpads, crochet blankets, bed linens and medical bandages. The Hospital services segment provides laundry and leasing services. The Distribution segment is involved in the marketing of Medtecs-branded medical consumables to hospitals, pharmacies, and other end users. It generates the highest revenue from the Manufacturing segment.

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