Runjian Co (SZSE:002929) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

Runjian Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.01). It may suggest that Runjian Co is progressively becoming less dependent on debt to grow their business.

Runjian Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Runjian 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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Runjian Co LT-Debt-to-Total-Asset Chart

Runjian Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.10

0.08

Runjian 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															0.08	0.08	-	-	0.01

Runjian Co LT-Debt-to-Total-Asset Calculation

Runjian 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 )
	=	47.665	/	14853.29
	=	0.00

Runjian 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 )
	=	75.41	/	14616.377
	=	0.01

Runjian Co (SZSE:002929) 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.

Runjian Co LT-Debt-to-Total-Asset Related Terms

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Runjian Co (SZSE:002929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Runjian Co Ltd (SZSE:002929) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 138, Gaopu Road, National Science and Technology Park, Floor 3-5, East Block, Jinghua Information Building, Tianhe District, Guangzhou, CHN

Website

http://www.rjtx.net

Runjian Co Ltd is a high-tech enterprise engaged in information services and system solutions. It is an integrated information technology service provider in China.

Executives

Liang Ji	Director
Xu Wen Jie	Directors, executives
Li Jian Guo	Director
Tang Min	Supervisors

Runjian Co (SZSE:002929) Headlines

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