Town Ray Holdings (HKSE:01692) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Town Ray 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. Town Ray Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Town Ray Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.05). It may suggest that Town Ray Holdings is progressively becoming more dependent on debt to grow their business.

Town Ray Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Town Ray 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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Town Ray Holdings LT-Debt-to-Total-Asset Chart

Town Ray Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.02

0.06

Town Ray Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.02	0.01	-	0.05	0.06

Town Ray Holdings LT-Debt-to-Total-Asset Calculation

Town Ray 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 )
	=	0	/	477.348
	=	0.00

Town Ray Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	31.907	/	647.867
	=	0.05

Town Ray Holdings (HKSE:01692) 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.

Town Ray Holdings LT-Debt-to-Total-Asset Related Terms

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Town Ray Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Town Ray Holdings Ltd (HKSE:01692) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 403 Castle Peak Road-Kwai Chung, Workshop A, 25th Floor, Reason Group Tower, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.townray.com

Town Ray Holdings Ltd is a developer, designer, manufacturer, and supplier of electrothermic household appliances mainly to overseas markets. The electrothermic household products can be grouped into two categories, namely garment care appliances, including steam generator irons, garment steamers, and steam irons; and cooking appliances, including coffee machines, steam cooking appliances, and other cooking appliances. The company's products are mainly sold to overseas markets, including Germany, France, the United Kingdom, and the Netherlands.

Executives

Modern Expression Limited
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Chan Kam Kwong Charles
Cheng Yuk Sim Connie
Chan Ying Yuk Purple
Leung Yat Cheong Albert
Li Siu Lan
Lo Kam Wing Raymond

Town Ray Holdings Headlines

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