Imeik Technology Development Co (SZSE:300896) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Imeik Technology Development 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. Imeik Technology Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Imeik Technology Development Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Imeik Technology Development Co is progressively becoming less dependent on debt to grow their business.

Imeik Technology Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Imeik Technology Development 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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Imeik Technology Development Co LT-Debt-to-Total-Asset Chart

Imeik Technology Development Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Imeik Technology Development 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															0.01	0.01	0.01	0.01	0.01

Imeik Technology Development Co LT-Debt-to-Total-Asset Calculation

Imeik Technology Development 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 )
	=	37.46	/	6852.361
	=	0.01

Imeik Technology Development 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 )
	=	33.773	/	7304.246
	=	0.00

Imeik Technology Development Co (SZSE:300896) 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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Imeik Technology Development Co (SZSE:300896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Imeik Technology Development Co Ltd (SZSE:300896) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. Jia 92 Jianguo Road, 21st, Block C, Shimao Building, Chaoyang District, Beijing, CHN, 100022

Website

http://www.imeik.net

Imeik Technology Development Co Ltd is a national enterprise focusing on the research and development, manufacture and sales of biomedical materials. The company's products include Medical Cosmetic Platform; General Surgery Platform; and Biological Technology Platform.

Executives

Jian Jun	Director
Wang Lan Zhu	Director
Zhang Zheng Pu	Supervisors

Imeik Technology Development Co (SZSE:300896) Headlines

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