REDtone Digital Bhd (XKLS:0032) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is REDtone Digital Bhd 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. REDtone Digital Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

REDtone Digital Bhd's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.02). It may suggest that REDtone Digital Bhd is progressively becoming more dependent on debt to grow their business.

REDtone Digital Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for REDtone Digital Bhd'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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REDtone Digital Bhd LT-Debt-to-Total-Asset Chart

REDtone Digital Bhd Annual Data

Trend

May12

May13

May14

May15

Apr17

Apr18

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

0.03

0.01

REDtone Digital Bhd Quarterly Data
	Jan19	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															-	0.01	0.01	0.02	0.02

REDtone Digital Bhd LT-Debt-to-Total-Asset Calculation

REDtone Digital Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	2.659	/	426.112
	=	0.01

REDtone Digital Bhd'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 )
	=	7.395	/	413.783
	=	0.02

REDtone Digital Bhd (XKLS:0032) 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.

REDtone Digital Bhd LT-Debt-to-Total-Asset Related Terms

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REDtone Digital Bhd (XKLS:0032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » REDtone Digital Bhd (XKLS:0032) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

IOI Business Park, Suite 22-30, 5th Floor, Puchong, SGR, MYS, 47100

Website

https://www.redtone.com

REDtone Digital Bhd formerly REDtone International Bhd is a digital infrastructure and services provider that offers services under three categories that are Telecommunications Services which offers data and voice services to government, enterprises, and small and medium enterprises (SMEs), Managed Telecommunications Network Services (MTNS) which includes building, maintaining and operating large scale WiFi hotspots, radio access network (RAN) infrastructure and fibre optic infrastructure, and Industry Digital Services (IDS) which includes data centre services, internet of things (IoT) services, cloud services and applications, and healthcare solutions to enterprises, government and the healthcare industry.

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