Radiance Holdings (Group) Co (FRA:RDH) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is Radiance Holdings (Group) 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. Radiance Holdings (Group) Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Radiance Holdings (Group) Co's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.12). It may suggest that Radiance Holdings (Group) Co is progressively becoming less dependent on debt to grow their business.

Radiance Holdings (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Radiance Holdings (Group) 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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Radiance Holdings (Group) Co LT-Debt-to-Total-Asset Chart

Radiance Holdings (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

0.16

0.12

Radiance Holdings (Group) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.19	0.17	0.16	0.13	0.12

Radiance Holdings (Group) Co LT-Debt-to-Total-Asset Calculation

Radiance Holdings (Group) 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 )
	=	1989.395	/	16667.098
	=	0.12

Radiance Holdings (Group) Co'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 )
	=	1989.395	/	16667.098
	=	0.12

Radiance Holdings (Group) Co (FRA:RDH) 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.

Radiance Holdings (Group) Co LT-Debt-to-Total-Asset Related Terms

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Radiance Holdings (Group) Co (FRA:RDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Radiance Holdings (Group) Co Ltd (FRA:RDH) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

09993:Hong Kong

Address

Qiyang Road, 42nd Floor, Radiance Plaza, Wangjing, Chaoyang District, Beijing, CHN, 100029

Website

http://www.radiance.com.cn

Radiance Holdings (Group) Co Ltd is an investment holding company engaged in the development and sale of properties, property leasing, and the provision of management consulting services. The company derives a majority of its revenue from Mainland China.

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