Rayitek Hi-Tech Film Co (SHSE:688323) LT-Debt-to-Total-Asset : 0.46 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Rayitek Hi-Tech Film 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. Rayitek Hi-Tech Film Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.46.

Rayitek Hi-Tech Film Co's long-term debt to total assets ratio increased from Dec. 2022 (0.46) to Dec. 2023 (0.46). It may suggest that Rayitek Hi-Tech Film Co is progressively becoming more dependent on debt to grow their business.

Rayitek Hi-Tech Film Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rayitek Hi-Tech Film 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.

Rayitek Hi-Tech Film Co LT-Debt-to-Total-Asset Chart

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.11

0.32

0.46

Rayitek Hi-Tech Film Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.46	0.47	0.46	0.46

Rayitek Hi-Tech Film Co LT-Debt-to-Total-Asset Calculation

Rayitek Hi-Tech Film 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 )
	=	1131.399	/	2447.369
	=	0.46

Rayitek Hi-Tech Film Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1131.399	/	2447.369
	=	0.46

Rayitek Hi-Tech Film Co (SHSE:688323) 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.

Rayitek Hi-Tech Film Co LT-Debt-to-Total-Asset Related Terms

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

Rayitek Hi-Tech Film Co (SHSE:688323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songgang Street Office, Huamei Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

Rayitek Hi-Tech Film Co (SHSE:688323) Headlines

No Headlines