Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Debt-to-Asset?

Meihua International Medical Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.33 Mil. Meihua International Medical Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Meihua International Medical Technologies Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $171.92 Mil. Meihua International Medical Technologies Co's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

Meihua International Medical Technologies Co Debt-to-Asset Historical Data

The historical data trend for Meihua International Medical Technologies Co's Debt-to-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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Meihua International Medical Technologies Co Debt-to-Asset Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.04

0.03

0.04

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial				0.04	0.03	0.04	0.04	0.04

Competitive Comparison of Meihua International Medical Technologies Co's Debt-to-Asset

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Meihua International Medical Technologies Co's Debt-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Debt-to-Asset falls into.

Meihua International Medical Technologies Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Meihua International Medical Technologies Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7.327	+	0.005)	/	171.915
	=	0.04

Meihua International Medical Technologies Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7.327	+	0.005)	/	171.915
	=	0.04

Meihua International Medical Technologies Co (NAS:MHUA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Meihua International Medical Technologies Co Debt-to-Asset Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.