Ronshine China Holdings (HKSE:03301) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2024)

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What is Ronshine China 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. Ronshine China Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.06.

Ronshine China Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.06) to Jun. 2024 (0.06). It may suggest that Ronshine China Holdings is progressively becoming more dependent on debt to grow their business.

Ronshine China Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ronshine China 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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Ronshine China Holdings LT-Debt-to-Total-Asset Chart

Ronshine China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.20

0.14

0.12

0.08

Ronshine China Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.12	0.06	0.08	0.06

Ronshine China Holdings LT-Debt-to-Total-Asset Calculation

Ronshine China 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 )
	=	13541.409	/	161126.402
	=	0.08

Ronshine China 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 )
	=	9206.57	/	143557.274
	=	0.06

Ronshine China Holdings (HKSE:03301) 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.

Ronshine China Holdings LT-Debt-to-Total-Asset Related Terms

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Ronshine China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine China Holdings Ltd (HKSE:03301) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Lane 77, Shangkun Road, Tower 2, Ronshine Sunkwan Center, Minhang District, Shanghai, CHN, 200336

Website

http://www.rongxingroup.com

Ronshine China Holdings Ltd is an investment holding company. The firm with its subsidiaries develops mid to high end residential and commercial properties in cities in the Western Taiwan straits economic zone, Yangtze river delta economic region and selected first and second-tier cities in the PRC. The company derives the majority of its revenues from sales of properties.

Executives

Ou Guofei	2307 Founder of a discretionary trust who can infl
Dingxin Company Limited	2101 Beneficial owner
Honesty Global Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Ou Zonghong	2305 Beneficiary of a trust
Xu Lixiang	2202 Interest of your spouse

Ronshine China Holdings Headlines

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