Sinocare (SZSE:300298) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Sinocare 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. Sinocare's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Sinocare's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.15). It may suggest that Sinocare is progressively becoming more dependent on debt to grow their business.

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

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

Sinocare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.13

0.12

0.16

0.15

Sinocare 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															0.11	0.16	0.15	0.15	0.15

Sinocare LT-Debt-to-Total-Asset Calculation

Sinocare'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 )
	=	892.393	/	5926.972
	=	0.15

Sinocare'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 )
	=	874.323	/	5819.717
	=	0.15

Sinocare (SZSE:300298) 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.

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

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Sinocare (SZSE:300298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sinocare Inc (SZSE:300298) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.265 Guyuan Road, Hi-tech Zone, Hunan Province, Changsha, CHN, 410205

Website

https://en.sinocare.com/

Sinocare Inc operates in the healthcare industry. It is engaged in the development, manufacturing, and marketing of diagnosis testing products for people with chronic diseases and healthcare professionals. Its product range covers household blood glucose meter, medical blood glucose meter, urinary microalbumin test strip and blood lipid uric acid products. In addition, the company also provides diabetes management information systems.

Executives

Li Shao Bo	Directors, executives
Che Hong Jing	Director
Wang Shi Min	Executives
Huang An Guo	Directors, executives
	Directors, executives
Pan Shu Guang	Securities Affairs Representative
Zhou Qing Hua	Supervisors
Ning Gui Chun	Supervisors
Wang Rui	Securities Affairs Representative
Chen Ji Dong	Supervisors
Che Hong Li	Directors, executives
Zhang Fan	Director

Sinocare (SZSE:300298) Headlines

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