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Ruijie Networks Co (SZSE:301165) Debt-to-Asset : 0.21 (As of Mar. 2024)


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What is Ruijie Networks Co Debt-to-Asset?

Ruijie Networks Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,568 Mil. Ruijie Networks Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥163 Mil. Ruijie Networks Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥8,218 Mil. Ruijie Networks Co's debt to asset for the quarter that ended in Mar. 2024 was 0.21.


Ruijie Networks Co Debt-to-Asset Historical Data

The historical data trend for Ruijie Networks Co's Debt-to-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.

Ruijie Networks Co Debt-to-Asset Chart

Ruijie Networks Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.02 0.12 0.10 0.10 0.11

Ruijie Networks Co Quarterly Data
Dec17 Dec18 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.06 0.10 0.11 0.21

Competitive Comparison of Ruijie Networks Co's Debt-to-Asset

For the Communication Equipment subindustry, Ruijie Networks Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.


Ruijie Networks Co's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ruijie Networks Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ruijie Networks Co's Debt-to-Asset falls into.



Ruijie Networks Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ruijie Networks Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(752.641 + 141.487) / 8364.288
=0.11

Ruijie Networks Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(1568.145 + 163.416) / 8218.044
=0.21

* 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.


Ruijie Networks Co  (SZSE:301165) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Ruijie Networks Co Debt-to-Asset Related Terms

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Ruijie Networks Co (SZSE:301165) Business Description

Traded in Other Exchanges
N/A
Address
No. 618, Jinshan Avenue, Building 19, Juyuanzhou Industrial Park, Cangshan District, Fujian Province, Fuzhou, CHN, 350002
Ruijie Networks Co Ltd is engaged in the research and development, design and sales of network equipment, network security products and cloud desktop solutions.

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