Hainan RuiZe New Building Material Co (SZSE:002596) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Hainan RuiZe New Building Material 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. Hainan RuiZe New Building Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Hainan RuiZe New Building Material Co's long-term debt to total assets ratio increased from Mar. 2023 (0.26) to Mar. 2024 (0.32). It may suggest that Hainan RuiZe New Building Material Co is progressively becoming more dependent on debt to grow their business.

Hainan RuiZe New Building Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hainan RuiZe New Building Material 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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Hainan RuiZe New Building Material Co LT-Debt-to-Total-Asset Chart

Hainan RuiZe New Building Material 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

0.17

0.23

0.26

0.31

Hainan RuiZe New Building Material 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															0.26	0.29	0.29	0.31	0.32

Hainan RuiZe New Building Material Co LT-Debt-to-Total-Asset Calculation

Hainan RuiZe New Building Material 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 )
	=	1217.713	/	3944.652
	=	0.31

Hainan RuiZe New Building Material 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 )
	=	1215.487	/	3811.353
	=	0.32

Hainan RuiZe New Building Material Co (SZSE:002596) 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.

Hainan RuiZe New Building Material Co LT-Debt-to-Total-Asset Related Terms

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Hainan RuiZe New Building Material Co (SZSE:002596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hainan RuiZe New Building Material Co Ltd (SZSE:002596) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.488 Yingbin Road, Sanya, CHN, 572011

Website

http://www.hnruize.com

Hainan RuiZe New Building Material Co Ltd is engaged in the manufacturing and sale of concrete, wall materials, and cement. In addition, it is also involved in the landscaping business. The company's products are mainly used in large-scale construction projects, including national, provincial and municipal large-scale urban base facilities, traffic engineering and large-scale residential projects. Geographically the group operates through China.

Executives

Zhang Hai Lin	Director
Yu Qing Chi	Directors, Directors, and Executives
Bai Jing	Independent director
Zhang Yi Lin	Directors, executives
Yi Cheng Zhen	Executives
Chen Hong Zhe	Executives
Yang Zhuang Xu	Supervisors
Gao Xu	Supervisors
Wang Pei Ming	Director

Hainan RuiZe New Building Material Co (SZSE:002596) Headlines

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