Tian Ruixiang Holdings (Tian Ruixiang Holdings) Debt-to-Equity : 0.00 (As of Apr. 2023)

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What is Tian Ruixiang Holdings Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Apr. 2023 was $34.55 Mil. Tian Ruixiang Holdings's debt to equity for the quarter that ended in Apr. 2023 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tian Ruixiang Holdings's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Tian Ruixiang Holdings was 0.05. The lowest was 0.00. And the median was 0.02.

TIRX's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.245
* Ranked among companies with meaningful Debt-to-Equity only.

Tian Ruixiang Holdings Debt-to-Equity Historical Data

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

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Debt-to-Equity

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0.05

0.02

0.04

0.02

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-Equity	Get a 7-Day Free Trial							0.02	0.02	0.01	-	-

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

For the Insurance Brokers subindustry, Tian Ruixiang Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Insurance Industry

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

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

Tian Ruixiang Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.091	+	0.055)	/	33.482
	=	0.00

Tian Ruixiang Holdings's Debt to Equity Ratio for the quarter that ended in Apr. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.083	+	0.017)	/	34.549
	=	0.00

Tian Ruixiang Holdings (NAS:TIRX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tian Ruixiang Holdings Debt-to-Equity 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-Equity

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.