Jiangsu Yuyue Medical Equipment And Supply Co (SZSE:002223) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Jiangsu Yuyue Medical Equipment And Supply 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. Jiangsu Yuyue Medical Equipment And Supply Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Jiangsu Yuyue Medical Equipment And Supply Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.03). It may suggest that Jiangsu Yuyue Medical Equipment And Supply Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Yuyue Medical Equipment And Supply Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Yuyue Medical Equipment And Supply 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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Jiangsu Yuyue Medical Equipment And Supply Co LT-Debt-to-Total-Asset Chart

Jiangsu Yuyue Medical Equipment And Supply Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.10

0.05

Jiangsu Yuyue Medical Equipment And Supply 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															0.10	0.07	0.06	0.05	0.03

Jiangsu Yuyue Medical Equipment And Supply Co LT-Debt-to-Total-Asset Calculation

Jiangsu Yuyue Medical Equipment And Supply 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 )
	=	712.589	/	15967.458
	=	0.04

Jiangsu Yuyue Medical Equipment And Supply 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 )
	=	503.944	/	16599.652
	=	0.03

Jiangsu Yuyue Medical Equipment And Supply Co (SZSE:002223) 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.

Jiangsu Yuyue Medical Equipment And Supply Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Yuyue Medical Equipment And Supply Co (SZSE:002223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jiangsu Yuyue Medical Equipment And Supply Co Ltd (SZSE:002223) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuyang Industrial Park, Jiangsu Province, Danyang, CHN, 212300

Website

http://www.yuyue.com.cn

Jiangsu Yuyue Medical Equipment And Supply Co Ltd are engaged in the manufacture and distribution of medical equipment. The company provides respiratory products, homecare products, hospital instruments and rehabilitation products.

Executives

Jing Guo Min	Directors, executives
Sui Xiu Hua	Executives
Zhao Shuai	Executives
Wu Guang Ming	Directors, executives
Cai Lin Quan	Supervisors
Hu Ming Long	Directors, executives
Qian Zhao He	Supervisors

Jiangsu Yuyue Medical Equipment And Supply Co (SZSE:002223) Headlines

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