RFD Micro Electricity Co (ROCO:6883) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is RFD Micro Electricity 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. RFD Micro Electricity Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

RFD Micro Electricity Co's long-term debt to total assets ratio declined from Jun. 2023 (0.13) to Jun. 2024 (0.09). It may suggest that RFD Micro Electricity Co is progressively becoming less dependent on debt to grow their business.

RFD Micro Electricity Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for RFD Micro Electricity 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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RFD Micro Electricity Co LT-Debt-to-Total-Asset Chart

RFD Micro Electricity Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.22

0.14

0.07

0.09

RFD Micro Electricity Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.11	0.07	0.13	0.09	0.09

RFD Micro Electricity Co LT-Debt-to-Total-Asset Calculation

RFD Micro Electricity 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 )
	=	294.292	/	3393.147
	=	0.09

RFD Micro Electricity Co'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 )
	=	300.466	/	3298.697
	=	0.09

RFD Micro Electricity Co (ROCO:6883) 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.

RFD Micro Electricity Co LT-Debt-to-Total-Asset Related Terms

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RFD Micro Electricity Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » RFD Micro Electricity Co Ltd (ROCO:6883) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wenxing Road, 302 4th Floor, No. 100, Sec. 2, Hsinchu County, Zhubei City, TWN, 30274

Website

https://www.rfdme.com

RFD Micro Electricity Co Ltd is engaged in providing ESG Services. The company uses solar power plant development and energy data collection, analysis, integration, and application to develop integrated planning, construction, and operation of solar power plants.

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