Readboy Education Holding Co (HKSE:02385) Liabilities-to-Assets : 0.32 (As of Dec. 2023)

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What is Readboy Education Holding Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Readboy Education Holding Co's Total Liabilities for the quarter that ended in Dec. 2023 was HK$251.2 Mil. Readboy Education Holding Co's Total Assets for the quarter that ended in Dec. 2023 was HK$791.7 Mil. Therefore, Readboy Education Holding Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.32.

Readboy Education Holding Co Liabilities-to-Assets Historical Data

The historical data trend for Readboy Education Holding Co's Liabilities-to-Assets 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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Readboy Education Holding Co Liabilities-to-Assets Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

0.55

0.72

0.68

0.27

0.32

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial			0.68	0.71	0.27	0.27	0.32

Competitive Comparison of Readboy Education Holding Co's Liabilities-to-Assets

For the Education & Training Services subindustry, Readboy Education Holding Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Readboy Education Holding Co's Liabilities-to-Assets Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Liabilities-to-Assets falls into.

Readboy Education Holding Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Readboy Education Holding Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	251.23	/	791.708
	=	0.32

Readboy Education Holding Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	251.23	/	791.708
	=	0.32

Readboy Education Holding Co (HKSE:02385) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Readboy Education Holding Co Liabilities-to-Assets Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Executives

Liu Zhilan	2101 Beneficial owner
Alpine Sky Limited	2101 Beneficial owner
Equiom Fiduciary Services (hong Kong) Limited	2301 Trustee
Kimlan Limited	2103 Interests held jointly with another person
Maples Trustee Services (cayman) Limited	2103 Interests held jointly with another person
Qin Shuguang	2201 Interest of corporation controlled by you
Sky Focus Holdings Limited	2103 Interests held jointly with another person
Trade Honour Holdings Limited	2101 Beneficial owner
Chen Zhiyong	2103 Interests held jointly with another person

Readboy Education Holding Co (HKSE:02385) Headlines

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