Renheng Enterprise Holdings (HKSE:03628) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Renheng Enterprise Holdings 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. Renheng Enterprise Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Renheng Enterprise Holdings's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Renheng Enterprise Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Renheng Enterprise Holdings'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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Renheng Enterprise Holdings LT-Debt-to-Total-Asset Chart

Renheng Enterprise Holdings Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Renheng Enterprise Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Renheng Enterprise Holdings LT-Debt-to-Total-Asset Calculation

Renheng Enterprise Holdings'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 )
	=	0	/	235.517
	=	0.00

Renheng Enterprise Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	235.517
	=	0.00

Renheng Enterprise Holdings (HKSE:03628) 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.

Renheng Enterprise Holdings LT-Debt-to-Total-Asset Related Terms

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Renheng Enterprise Holdings (HKSE:03628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renheng Enterprise Holdings Ltd (HKSE:03628) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Room 3805, 38th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.renhengenterprise.com

Renheng Enterprise Holdings Ltd is an investment holding company that is engaged in the manufacture and sale of tobacco machinery products in the PRC. The company mainly produces three types of catalogued special-purpose tobacco machinery products, namely casing and flavoring system, pneumatic feeding system and pre-pressing packing machine. It is also engaged in the provision of maintenance, overhaul and modification services in respect of tobacco machinery products. The sale of catalogued special-purpose tobacco machinery products contributes most of the firm's revenue. All of the group's revenue are derived in the PRC.

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