Rich Development Co (ROCO:5512) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Rich Development 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. Rich Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Rich Development Co's long-term debt to total assets ratio declined from Mar. 2023 (0.20) to Mar. 2024 (0.17). It may suggest that Rich Development Co is progressively becoming less dependent on debt to grow their business.

Rich Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rich Development 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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Rich Development Co LT-Debt-to-Total-Asset Chart

Rich Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.22

0.20

0.19

0.18

Rich Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.20	0.20	0.18	0.17

Rich Development Co LT-Debt-to-Total-Asset Calculation

Rich Development 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 )
	=	7195.177	/	40280.351
	=	0.18

Rich Development Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6830.38	/	39596.064
	=	0.17

Rich Development Co (ROCO:5512) 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.

Rich Development Co LT-Debt-to-Total-Asset Related Terms

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Rich Development Co (ROCO:5512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rich Development Co Ltd (ROCO:5512) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Chi Lin Road, 8th Floor, Taipei, TWN, 104

Website

https://www.rhd.com.tw

Rich Development Co Ltd is a Taiwan-based company primarily engaged in the construction, development, leasing, and distribution of residential and commercial buildings. The company's main business includes commissioning manufacturers to build commercial buildings and lease and sale of public housing; commissioned by government industrial authorities to handle the development, leasing and management of industrial areas; construction of sewage treatment plants and operation of sewage treatment projects; operation of resort hotels and travel agency operations and others. Its segments include the Construction segment, the Sewage treatment segment: and the Tourist hotel segment.

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