Tian Ruixiang Holdings (Tian Ruixiang Holdings) Debt-to-Revenue : 0.07 (As of Apr. 2023)

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What is Tian Ruixiang Holdings Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Tian Ruixiang Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.08 Mil. Tian Ruixiang Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.02 Mil. Tian Ruixiang Holdings's annualized Revenue for the quarter that ended in Apr. 2023 was $1.45 Mil. Tian Ruixiang Holdings's annualized Debt-to-Revenue for the quarter that ended in Apr. 2023 was 0.07.

Tian Ruixiang Holdings Debt-to-Revenue Historical Data

The historical data trend for Tian Ruixiang Holdings's Debt-to-Revenue 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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Tian Ruixiang Holdings Debt-to-Revenue Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Debt-to-Revenue

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0.12

0.06

0.10

0.24

0.11

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-Revenue	Get a 7-Day Free Trial							0.10	0.29	0.24	0.18	0.07

Competitive Comparison of Tian Ruixiang Holdings's Debt-to-Revenue

For the Insurance Brokers subindustry, Tian Ruixiang Holdings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Tian Ruixiang Holdings's Debt-to-Revenue Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Debt-to-Revenue falls into.

Tian Ruixiang Holdings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Tian Ruixiang Holdings's Debt-to-Revenue for the fiscal year that ended in Oct. 2022 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.091	+	0.055)	/	1.352
	=	0.11

Tian Ruixiang Holdings's annualized Debt-to-Revenue for the quarter that ended in Apr. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.083	+	0.017)	/	1.45
	=	0.07

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Apr. 2023) Revenue data.

Tian Ruixiang Holdings Debt-to-Revenue Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.