Zhejiang Int'l Group Co (SZSE:000411) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Zhejiang Int'l Group 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. Zhejiang Int'l Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Zhejiang Int'l Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.05). It may suggest that Zhejiang Int'l Group Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Int'l Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Int'l Group 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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Zhejiang Int'l Group Co LT-Debt-to-Total-Asset Chart

Zhejiang Int'l Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.06

0.07

0.04

0.05

Zhejiang Int'l Group 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	0.05	0.04	0.05	0.05

Zhejiang Int'l Group Co LT-Debt-to-Total-Asset Calculation

Zhejiang Int'l Group 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 )
	=	671.682	/	13908.857
	=	0.05

Zhejiang Int'l Group 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 )
	=	737.113	/	15912.66
	=	0.05

Zhejiang Int'l Group Co (SZSE:000411) 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.

Zhejiang Int'l Group Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Int'l Group Co (SZSE:000411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Int'l Group Co Ltd (SZSE:000411) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jiangnan Lane, Dongxin Road, Building 3, Xiacheng District, Zhejiang Province, Hangzhou, CHN

Website

http://www.intmedic.com

Zhejiang Int'l Group Co Ltd is a China-based company operating in three major businesses: drugs, traditional Chinese medicine, and biological equipment.

Executives

Luo Guo Liang	Executives
Zhang Yi Ming	Executives
Zhao Pei Hong	Executives
Wang Jiang Wei	Executives
Ying Xu Jie	Executives
Bao Zhi Hu	Directors, executives
Wu Min Ying	Supervisors
Jiang Ju Fang	Directors, executives
Zhang Bao Hong	Director
Wu Xiu Dong	Executives
Qian Yong Lin	Director
Zheng Yu Ming	Director

Zhejiang Int'l Group Co (SZSE:000411) Headlines

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