Reach New Holdings (HKSE:08471) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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

Reach New Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Jun. 2024 (0.05). It may suggest that Reach New Holdings is progressively becoming more dependent on debt to grow their business.

Reach New Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reach New 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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Reach New Holdings LT-Debt-to-Total-Asset Chart

Reach New Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.01

0.03

Reach New Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.05	0.03

Reach New Holdings LT-Debt-to-Total-Asset Calculation

Reach New 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 )
	=	0.27	/	44.254
	=	0.01

Reach New 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 )
	=	2.824	/	56.319
	=

Reach New Holdings (HKSE:08471) 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.

Reach New Holdings LT-Debt-to-Total-Asset Related Terms

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Reach New Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Reach New Holdings Ltd (HKSE:08471) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 6 Taihao Road, Sun Tin Lun Industrial Centre, Sandong Digital Industrial Park, Sandong Town, Guangdong Province, Huizhou, CHN

Website

http://www.sthl.com.hk

Reach New Holdings Ltd is a labelling solution provider and a one-stop garment accessories manufacturer and supplier based in China. The company is mainly engaged in the production of three types of products, which are Printed products such as hangtags, price tags and stickers; Woven labels such as woven brand labels, woven size labels and badges; and Printed labels such as printed brand labels, printed size labels and care content labels. The group's operations are located in the PRC.

Executives

Sha Xuanyi
Li Rongsheng
Lam Cheung Chuen
Neo Concept Holdings Limited	2101 Beneficial owner
Wong Ching Yuk	2202 Interest of your spouse

Reach New Holdings Headlines

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