Astro (ROCO:3064) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Astro 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. Astro's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Astro's long-term debt to total assets ratio declined from Mar. 2023 (0.47) to Mar. 2024 (0.03). It may suggest that Astro is progressively becoming less dependent on debt to grow their business.

Astro LT-Debt-to-Total-Asset Historical Data

The historical data trend for Astro'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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Astro LT-Debt-to-Total-Asset Chart

Astro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.32

0.03

0.45

0.03

Astro Quarterly Data
	Jun19	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															0.47	0.47	0.04	0.03	0.03

Astro LT-Debt-to-Total-Asset Calculation

Astro'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 )
	=	12.864	/	376.379
	=	0.03

Astro'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 )
	=	11.344	/	372.674
	=	0.03

Astro (ROCO:3064) 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.

Astro LT-Debt-to-Total-Asset Related Terms

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Astro (ROCO:3064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Astro Corp (ROCO:3064) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10F No.111-1 Hsing De Road, Sanchung, Taipei, TWN

Website

http://www.astrocorp.com.tw

Astro Corp is a Taiwan based company operates under the lottery and gaming business. The business activity of the group includes designing and production of self-service terminal betting machines, various electronic lottery tickets systems and betting games, gaming hardware and software and related management system, at the same time with the online and offline lottery management system integration technology, lottery peripheral products research and development. It offers various casino and multi-player games. Activities are primarily functioned in the region of Taiwan.

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