Guangdong Rifeng Electric Cable Co (SZSE:002953) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Guangdong Rifeng Electric Cable 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. Guangdong Rifeng Electric Cable Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Guangdong Rifeng Electric Cable Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.04). It may suggest that Guangdong Rifeng Electric Cable Co is progressively becoming less dependent on debt to grow their business.

Guangdong Rifeng Electric Cable Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Rifeng Electric Cable 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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Guangdong Rifeng Electric Cable Co LT-Debt-to-Total-Asset Chart

Guangdong Rifeng Electric Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.20

0.17

0.03

Guangdong Rifeng Electric Cable 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															0.07	0.06	0.07	0.03	0.04

Guangdong Rifeng Electric Cable Co LT-Debt-to-Total-Asset Calculation

Guangdong Rifeng Electric Cable 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 )
	=	96.143	/	3107.687
	=	0.03

Guangdong Rifeng Electric Cable 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 )
	=	117.898	/	3154.314
	=	0.04

Guangdong Rifeng Electric Cable Co (SZSE:002953) 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.

Guangdong Rifeng Electric Cable Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Rifeng Electric Cable Co (SZSE:002953) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Rifeng Electric Cable Co Ltd (SZSE:002953) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Guangfeng Industrial Park, West District, Guangdong Province, Zhongshan, CHN

Website

http://www.rfcable.com.cn

Guangdong Rifeng Electric Cable Co Ltd is a wire and cable manufacturer. It produces all types of cables, including household wires, power cables, rubber cables, control cables, heavy mechanical cables, instrument cables, communication cables, marine cables, connecting cables and power cords. Products are widely used in household appliances, power engineering, petrochemical, metallurgy, construction machinery, communications engineering, wind power, environmental engineering, dam embankment engineering, instrumentation, computer communication control and other fields.

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