Refrigeration Electrical Engineering (STC:REE) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2024)

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What is Refrigeration Electrical Engineering 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. Refrigeration Electrical Engineering's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.25.

Refrigeration Electrical Engineering's long-term debt to total assets ratio declined from Dec. 2023 (0.27) to Dec. 2024 (0.25). It may suggest that Refrigeration Electrical Engineering is progressively becoming less dependent on debt to grow their business.

Refrigeration Electrical Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Refrigeration Electrical Engineering'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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Refrigeration Electrical Engineering LT-Debt-to-Total-Asset Chart

Refrigeration Electrical Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.21

0.34

0.29

0.27

0.25

Refrigeration Electrical Engineering Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.27	0.25	0.27	0.25

Refrigeration Electrical Engineering LT-Debt-to-Total-Asset Calculation

Refrigeration Electrical Engineering's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	9142740.045	/	36362339.884
	=	0.25

Refrigeration Electrical Engineering's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	9142740.045	/	36362339.884
	=	0.25

Refrigeration Electrical Engineering (STC:REE) 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.

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Refrigeration Electrical Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Refrigeration Electrical Engineering Corp (STC:REE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

364 Cong Hoa Street, Ward 13, Tan Binh District, Ho Chi Minh, VNM

Website

http://www.reecorp.com

Refrigeration Electrical Engineering Corp along with its subsidiaries provides mechanical and electrical engineering services. It includes M&E services (M&E); manufacturing, assembling and trading Reetech air-conditioner systems; real estate development and management; and electricity and water infrastructure.