iRay Technology Co (SHSE:688301) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is iRay 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. iRay Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

iRay Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.22) to Mar. 2024 (0.36). It may suggest that iRay Technology Co is progressively becoming more dependent on debt to grow their business.

iRay Technology Co LT-Debt-to-Total-Asset Historical Data

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

iRay Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.23

iRay 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															0.22	0.23	0.24	0.23	0.36

iRay Technology Co LT-Debt-to-Total-Asset Calculation

iRay 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 )
	=	1717.757	/	7511.348
	=	0.23

iRay 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 )
	=	2897.246	/	8081.356
	=	0.36

iRay Technology Co (SHSE:688301) 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.

iRay Technology Co LT-Debt-to-Total-Asset Related Terms

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iRay Technology Co (SHSE:688301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRay Technology Co Ltd (SHSE:688301) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.590 Ruiqing Road, Room 202, 2nd Floor, Building 9, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.iraygroup.com

iRay Technology Co Ltd is engaged in development and manufacturing of key X-ray system components used in medical, dental, veterinary and industrial imaging applications. The company's products portfolio includes Wireless Radiography Detectors; Tethered Radiography Detectors; Mammography Detectors; Dynamic/Real-time Detectors; Linear Detector Arrays; Software; and Other.

Executives

	Director
	Directors, senior managers, core technical personn

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