Suzhou MedicalSystem Technology Co (SHSE:603990) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Suzhou MedicalSystem Technology 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. Suzhou MedicalSystem Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Suzhou MedicalSystem Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.22). It may suggest that Suzhou MedicalSystem Technology Co is progressively becoming more dependent on debt to grow their business.

Suzhou MedicalSystem Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou MedicalSystem Technology 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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Suzhou MedicalSystem Technology Co LT-Debt-to-Total-Asset Chart

Suzhou MedicalSystem Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.21

Suzhou MedicalSystem Technology 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															-	0.04	0.06	0.21	0.22

Suzhou MedicalSystem Technology Co LT-Debt-to-Total-Asset Calculation

Suzhou MedicalSystem Technology 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 )
	=	821.611	/	3915.297
	=	0.21

Suzhou MedicalSystem Technology 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 )
	=	891.886	/	3991.402
	=	0.22

Suzhou MedicalSystem Technology Co (SHSE:603990) 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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Suzhou MedicalSystem Technology Co (SHSE:603990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Suzhou MedicalSystem Technology Co Ltd (SHSE:603990) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 Guijia Lane, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215021

Website

http://www.medicalsystem.com.cn

Suzhou MedicalSystem Technology Co Ltd develops medical engineering technology and promotes clinical system for operation theatre and intensive care units.

Executives

Wu Di	senior management
Li Biao	Supervisors
Weng Kang	Director
Chen Jian Song	Directors, senior managers
Wang Jian Hua	Director
Fu Hong	Director
Chen Jing	senior management
Kong Feng	Director
Xu Zhi Yuan	senior management
Wu Wang Sheng	senior management
Chen Ze Jiang	Director

Suzhou MedicalSystem Technology Co (SHSE:603990) Headlines

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