GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ribo Fashion Group Co Ltd (SHSE:603196) » Definitions » LT-Debt-to-Total-Asset

Ribo Fashion Group Co (SHSE:603196) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Ribo Fashion Group 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. Ribo Fashion Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Ribo Fashion Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Ribo Fashion Group Co is progressively becoming more dependent on debt to grow their business.


Ribo Fashion Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ribo Fashion Group 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.

* Premium members only.

Ribo Fashion Group Co LT-Debt-to-Total-Asset Chart

Ribo Fashion Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.02 0.02 0.03

Ribo Fashion Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.03 0.03

Ribo Fashion Group Co LT-Debt-to-Total-Asset Calculation

Ribo Fashion Group 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 )
=34.105/1160.958
=0.03

Ribo Fashion Group 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 )
=28.824/1080.504
=0.03

* 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.


Ribo Fashion Group Co  (SHSE:603196) 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.


Ribo Fashion Group Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Ribo Fashion Group Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Ribo Fashion Group Co (SHSE:603196) Business Description

Traded in Other Exchanges
N/A
Address
No. 98, Rongyang Road, Zhongshan Street, Songjiang District, Shanghai, CHN, 201600
Ribo Fashion Group Co Ltd is engaged in the creative design of quality clothing, process technology, research and development and production and sales, focusing on high-end fashion women's clothing field. Its main products include blouses and shirts, coats, trousers, dresses and skirts and others. The company sells its products under the Broadcast, Personal Point, TAORAY WANG, and CRZ brands.
Executives
Zhang Yun Ju senior management
Wang Cheng Yu Directors, senior managers
Lin Liang Directors, senior managers
Wang Wei Dong Director
Zheng Zheng Director

Ribo Fashion Group Co (SHSE:603196) Headlines

No Headlines