Tian Ruixiang Holdings annual debt-to-equity ratio
2019
2020
2021
2022
2023
Tian Ruixiang Holdings Debt-to-Equity Ratio Growth & History (TIRXF)
Tian Ruixiang Holdings's debt-to-equity ratio was 0.00 for fiscal 2023.
View full Tian Ruixiang Holdings company overviewTian Ruixiang Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2023 | 2023-10-31 | 0.00 | −0.00 | −57.70% |
| 2022 | 2022-10-31 | 0.00 | −0.01 | −75.30% |
| 2021 | 2021-10-31 | 0.02 | −0.02 | −54.52% |
| 2020 | 2020-10-31 | 0.04 | 0.02 | +139.95% |
| 2019 | 2019-10-31 | 0.02 | — | — |
Tian Ruixiang Holdings quarterly debt-to-equity ratio
Q4.19
Q4.20
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2024 | 2024-04-30 | 0.00 | −0.00 | −30.38% |
| Q4 2023 | 2023-10-31 | 0.00 | −0.00 | −57.70% |
| Q2 2023 | 2023-04-30 | 0.00 | −0.01 | −76.27% |
| Q4 2022 | 2022-10-31 | 0.00 | −0.01 | −75.30% |
| Q2 2022 | 2022-04-30 | 0.01 | — | — |
| Q4 2021 | 2021-10-31 | 0.02 | −0.02 | −54.52% |
| Q4 2020 | 2020-10-31 | 0.04 | 0.02 | +139.95% |
| Q4 2019 | 2019-10-31 | 0.02 | — | — |
Tian Ruixiang Holdings debt-to-equity ratio trends
Between the periods ended 2019-10-31 and 2023-10-31, Tian Ruixiang Holdings's debt-to-equity ratio decreased from 0.02 to 0.00, a change of −0.01. The latest reported quarter, Q2 2024, shows 0.00.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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