JZJ Chain Drugstore (SHSE:605266) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is JZJ Chain Drugstore 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. JZJ Chain Drugstore's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

JZJ Chain Drugstore's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.20). It may suggest that JZJ Chain Drugstore is progressively becoming less dependent on debt to grow their business.

JZJ Chain Drugstore LT-Debt-to-Total-Asset Historical Data

The historical data trend for JZJ Chain Drugstore'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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JZJ Chain Drugstore LT-Debt-to-Total-Asset Chart

JZJ Chain Drugstore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.15

0.17

0.22

0.20

JZJ Chain Drugstore Quarterly Data
	Dec18	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															0.22	0.22	0.20	0.20	0.20

JZJ Chain Drugstore LT-Debt-to-Total-Asset Calculation

JZJ Chain Drugstore'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 )
	=	1949.995	/	9948.935
	=	0.20

JZJ Chain Drugstore'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 )
	=	1982.058	/	10055.747
	=	0.20

JZJ Chain Drugstore (SHSE:605266) 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.

JZJ Chain Drugstore LT-Debt-to-Total-Asset Related Terms

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JZJ Chain Drugstore (SHSE:605266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » JZJ Chain Drugstore Corp (SHSE:605266) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 10, Qiying Street, Union Street, Panlong District, Yunnan Province, Kunming, CHN, 650224

Website

http://www.jzj.cn

Jianzhijia Pharmaceutical Chain Group Co Ltd is engaged in the retail chain business of health products such as medicines, health foods, personal care products, household health products, convenience foods, and daily consumables and provides related professional services.

Executives

Jin Yu Mei	Supervisors
Chai Zhi Qi	senior management
Shi Yan Chun	senior management
Hu Yu Ming	senior management
Fang Li	Supervisors
Sun Li	Supervisors
Jiang Yan Yin	senior management
Li Heng	Director
Zhang Yun Hong	Director
Wang Yan Ping	Director
Lan Bo	Directors, senior managers
Yan Wen	senior management

JZJ Chain Drugstore (SHSE:605266) Headlines

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