Ruixin International Holdings (HKSE:00724) LT-Debt-to-Total-Asset : 12.85 (As of Dec. 2023)

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What is Ruixin International Holdings 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. Ruixin International Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 12.85.

Ruixin International Holdings's long-term debt to total assets ratio increased from Dec. 2022 (2.02) to Dec. 2023 (12.85). It may suggest that Ruixin International Holdings is progressively becoming more dependent on debt to grow their business.

Ruixin International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ruixin International Holdings'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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Ruixin International Holdings LT-Debt-to-Total-Asset Chart

Ruixin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.63

0.16

2.02

12.85

Ruixin International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.24	2.02	2.91	12.85

Ruixin International Holdings LT-Debt-to-Total-Asset Calculation

Ruixin International Holdings'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 )
	=	152.829	/	11.89
	=	12.85

Ruixin International Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	152.829	/	11.89
	=	12.85

Ruixin International Holdings (HKSE:00724) 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.

Ruixin International Holdings LT-Debt-to-Total-Asset Related Terms

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Ruixin International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruixin International Holdings Ltd (HKSE:00724) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Wan Chai Road, Room A, 10th Floor, Times Media Centre, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/ruixin

Ruixin International Holdings Ltd is engaged in the manufacturing and trading of electronic and electrical parts and components. The company operates businesses in countries like Hong Kong, PRC, Asia Pacific, and others.

Executives

Li Weimin

2101 Beneficial owner

Ruixin International Holdings Headlines

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