Ruentex Industries (TPE:2915) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Ruentex Industries 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. Ruentex Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Ruentex Industries's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.07). It may suggest that Ruentex Industries is progressively becoming less dependent on debt to grow their business.

Ruentex Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ruentex Industries'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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Ruentex Industries LT-Debt-to-Total-Asset Chart

Ruentex Industries Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.16

0.18

0.11

0.12

0.07

Ruentex Industries 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															0.12	0.05	0.05	0.06	0.07

Ruentex Industries LT-Debt-to-Total-Asset Calculation

Ruentex Industries'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 )
	=	8612.977	/	118046.499
	=	0.07

Ruentex Industries'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 )
	=	8612.977	/	118046.499
	=	0.07

Ruentex Industries (TPE:2915) 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.

Ruentex Industries LT-Debt-to-Total-Asset Related Terms

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Ruentex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ruentex Industries Ltd (TPE:2915) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No.308, Section 2, Bade Road, 13th Floor - 1, Taipei, TWN

Website

https://www.ruentex.com.tw

Ruentex Industries Ltd is engaged in the textile business, including manufacturing, processing, dyeing and finishing, printing, and marketing of woven fabrics, garments, knitted fabrics, and woven fabric items, and the construction business, including commissioning of construction companies to build public housing projects and office buildings as well as leasing and sales of property.

Ruentex Industries Headlines

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