Hangzhou Minsheng Healthcare Co (SZSE:301507) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Hangzhou Minsheng Healthcare 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. Hangzhou Minsheng Healthcare Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Hangzhou Minsheng Healthcare Co's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Hangzhou Minsheng Healthcare Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Minsheng Healthcare 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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Hangzhou Minsheng Healthcare Co LT-Debt-to-Total-Asset Chart

Hangzhou Minsheng Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Hangzhou Minsheng Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	-	-	-	-

Hangzhou Minsheng Healthcare Co LT-Debt-to-Total-Asset Calculation

Hangzhou Minsheng Healthcare 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 )
	=	1.085	/	1647.81
	=	0.00

Hangzhou Minsheng Healthcare 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 )
	=	0.843	/	1737.209
	=	0.00

Hangzhou Minsheng Healthcare Co (SZSE:301507) 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.

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Hangzhou Minsheng Healthcare Co (SZSE:301507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Minsheng Healthcare Co Ltd (SZSE:301507) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 101, Xintian Road, Donghu Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.21vita.com

Hangzhou Minsheng Healthcare Co Ltd focuses on the field of vitamin and mineral supplements and is a high-tech enterprise integrating research and development, production and sales of vitamin and mineral over-the-counter drugs and health food. The company's current main product is 21 Golden Vita multi-dimensional element tablets (21).

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