Shineco (Shineco) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

Shineco's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Shineco is progressively becoming more dependent on debt to grow their business.

Shineco LT-Debt-to-Total-Asset Historical Data

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

Shineco Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

Shineco 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															0.01	-	0.01	0.01	0.01

Shineco LT-Debt-to-Total-Asset Calculation

Shineco's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.044	/	63.469
	=	0.00

Shineco'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 )
	=	1.103	/	101.688
	=	0.01

Shineco (NAS:SISI) 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.

Shineco LT-Debt-to-Total-Asset Related Terms

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Shineco (Shineco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shineco Inc (NAS:SISI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

T1, South Tower, Jiazhaoye Square, Chaoyang District, Beijing, CHN, 100022

Website

http://www.biosisi.com

Shineco Inc aims to care for a healthy life and improve the quality of life by providing safe, efficient, and high-quality health products and services to society. The company has researched and developed over 33 vitro diagnostic reagents and related medical devices to date, and it also produces and sells healthy and nutritious food.

Executives

Aamir Ali Quraishi	director	112 EVELYN AVENUE, RUISLIP, LONDON X0 HA4 8AQ
Shanchun Huang	10 percent owner	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiqiao Liu	director, officer: COO	ROOM 504, UNIT1, BUILDING 7, HONGRENJIAY, MAJUQIAO, TONGZHOU DISTRICT, BEIJING F4 101149
Hu Li	director	ROOM 1001, BUILDING T5, DAZU SQUARE, DAXING DISTRICT, BEIJING F4 100176
Jennifer Zhan	director, officer: CEO & Executive Director	ROOM 3106, BUILDING B,, JIANWAI SOHO, CHAOYANG DISTRICT,, BEIJING CITY F4 100022
Minye Wang	director	BUILDING 23, HAI YUE HUA YUAN, KUNMING F4 530000
Lei Gao	director	ROOM 806, WANSHOU HOTEL, NO. A12 WANSHOU ROAD, HAIDIAN DISTRICT, BEIJING F4 100017
Ou Yang	officer: Chief Executive Officer	BUILDING NO. 5, 8 WORKERS SPORTS COMPLEX NORTH ROAD, BEIJING F4 100009
Hua Yang	director	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Yuying Zhang	director, 10 percent owner, officer: Chair of the Board, CEO	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Leiger Yongmin Yang	director	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Jiping Chen	director, 10 percent owner	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Sai Sam Wang	officer: Chief Financial Officer	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Shujuan Ji	director	2ND FLOOR, WANYUAN BUSINESS CENTER, 10 HONGDA RD, YIZHUANG, DAXING DISTRICT, BEIJING F4 100176
Weixing Yin	director	ROOM 3106, BUILDING B, 39 E. 3RD RING, MIDDLE RD, CHAOYANG DISTRICT, BEIJING F4 1000022