Shanghai Runda Medical Technology Co (SHSE:603108) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Shanghai Runda Medical Technology 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. Shanghai Runda Medical Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Shanghai Runda Medical Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.08). It may suggest that Shanghai Runda Medical Technology Co is progressively becoming more dependent on debt to grow their business.

Shanghai Runda Medical Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Runda Medical Technology 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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Shanghai Runda Medical Technology Co LT-Debt-to-Total-Asset Chart

Shanghai Runda Medical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

0.11

0.06

0.08

Shanghai Runda Medical Technology 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															0.06	0.09	0.11	0.08	0.08

Shanghai Runda Medical Technology Co LT-Debt-to-Total-Asset Calculation

Shanghai Runda Medical Technology 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 )
	=	1190.871	/	14309.993
	=	0.08

Shanghai Runda Medical Technology 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 )
	=	1081.086	/	14405.956
	=	0.08

Shanghai Runda Medical Technology Co (SHSE:603108) 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.

Shanghai Runda Medical Technology Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Runda Medical Technology Co (SHSE:603108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Shanghai Runda Medical Technology Co Ltd (SHSE:603108) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Orient International Science & Technology Mansion, Room D-I, 15th Floor, 58 Xiangcheng Road, Pudong District, Shanghai, CHN, 200122

Website

http://www.rundamedical.com

Shanghai Runda Medical Technology Co Ltd is a medical laboratory integrated service provider based in East China. The company provides in-vitro diagnostic products and professional technical support to various medical laboratories.

Executives

Liu Hui	Directors, senior managers
Chen Zheng	Directors, senior managers
Lu Xiao Yan	senior management
Hu Zhen Ning	Director
Wei Ming	Supervisors
Tong Wen Bin	Director
Xu Jing Zhi	Director

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