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FOXX (Foxx Development Holdings) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)


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What is Foxx Development 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. Foxx Development Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Foxx Development Holdings's long-term debt to total assets ratio declined from Dec. 2023 (0.06) to Dec. 2024 (0.03). It may suggest that Foxx Development Holdings is progressively becoming less dependent on debt to grow their business.

Foxx Development Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Foxx Development 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.

* Premium members only.

Foxx Development Holdings LT-Debt-to-Total-Asset Chart

Foxx Development Holdings Annual Data
Trend Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
- 0.06 0.08

Foxx Development Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.08 0.02 0.03

Foxx Development Holdings LT-Debt-to-Total-Asset Calculation

Foxx Development Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )/Total Assets (A: Jun. 2024 )
=0.428/5.374
=0.08

Foxx Development Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=1.082/31.936
=0.03

* 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.

Foxx Development Holdings  (NAS:FOXX) 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.

Foxx Development Holdings LT-Debt-to-Total-Asset Related Terms

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Foxx Development Holdings Business Description

Industry
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Traded in Other Exchanges
N/A
Address
13575 Barranca Parkway C106, Irvine, CA, USA, 92618
Website
https://www.foxxusa.com
Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors, and suppliers. Its products include tablets, smartphones, wearables, and other high-quality communication terminals.