Toung Loong Textile Mfg Co (ROCO:4401) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Toung Loong Textile Mfg Co 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. Toung Loong Textile Mfg Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Toung Loong Textile Mfg Co's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.23). It may suggest that Toung Loong Textile Mfg Co is progressively becoming more dependent on debt to grow their business.

Toung Loong Textile Mfg Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toung Loong Textile Mfg Co'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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Toung Loong Textile Mfg Co LT-Debt-to-Total-Asset Chart

Toung Loong Textile Mfg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.21

0.19

0.21

Toung Loong Textile Mfg Co 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															0.20	0.21	0.20	0.21	0.23

Toung Loong Textile Mfg Co LT-Debt-to-Total-Asset Calculation

Toung Loong Textile Mfg Co'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 )
	=	1227.962	/	5828.329
	=	0.21

Toung Loong Textile Mfg Co'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 )
	=	1317.782	/	5816.52
	=	0.23

Toung Loong Textile Mfg Co (ROCO:4401) 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.

Toung Loong Textile Mfg Co LT-Debt-to-Total-Asset Related Terms

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Toung Loong Textile Mfg Co (ROCO:4401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toung Loong Textile Mfg Co Ltd (ROCO:4401) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Sec 2, San Ming Road, 19th Floor, Panchiao District, New Taipei, TWN, 220

Website

https://www.tloong.com.tw

Toung Loong Textile Mfg Co Ltd manufactures textiles and fabrics. Its products are classified into various categories like eco series, air textured yarn, draw textured yarn, twisting fabrics, yarn dye, SpringFil, shape Control Twist. and tltm ART. Geographically it is available in Taiwan, Vietnam, Mainland China, and others. The majority of the revenue comes from Taiwan.

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