Golden Insurance Brokers Co (ROCO:6028) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Golden Insurance Brokers 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. Golden Insurance Brokers Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Golden Insurance Brokers Co's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.05). It may suggest that Golden Insurance Brokers Co is progressively becoming less dependent on debt to grow their business.

Golden Insurance Brokers Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Golden Insurance Brokers 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.

* Premium members only.

Golden Insurance Brokers Co LT-Debt-to-Total-Asset Chart

Golden Insurance Brokers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.05

0.11

0.09

0.07

0.05

Golden Insurance Brokers Co Semi-Annual Data
	Dec15	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											0.09	0.08	0.07	0.06	0.05

Golden Insurance Brokers Co LT-Debt-to-Total-Asset Calculation

Golden Insurance Brokers 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 )
	=	56.576	/	1226.678
	=	0.05

Golden Insurance Brokers Co'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 )
	=	56.576	/	1226.678
	=	0.05

Golden Insurance Brokers Co (ROCO:6028) 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.

Golden Insurance Brokers Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Golden Insurance Brokers Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

Golden Insurance Brokers Co (ROCO:6028) Headlines

No Headlines