Brighton-Best Internation (Taiwan) (ROCO:8415) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Brighton-Best Internation (Taiwan) 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. Brighton-Best Internation (Taiwan)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Brighton-Best Internation (Taiwan)'s long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.17). It may suggest that Brighton-Best Internation (Taiwan) is progressively becoming more dependent on debt to grow their business.

Brighton-Best Internation (Taiwan) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Brighton-Best Internation (Taiwan)'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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Brighton-Best Internation (Taiwan) LT-Debt-to-Total-Asset Chart

Brighton-Best Internation (Taiwan) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.13

0.23

0.17

Brighton-Best Internation (Taiwan) 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															0.16	0.15	0.15	0.17	0.17

Brighton-Best Internation (Taiwan) LT-Debt-to-Total-Asset Calculation

Brighton-Best Internation (Taiwan)'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 )
	=	8203.838	/	47496.349
	=	0.17

Brighton-Best Internation (Taiwan)'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 )
	=	7635.948	/	46268.13
	=	0.17

Brighton-Best Internation (Taiwan) (ROCO:8415) 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.

Brighton-Best Internation (Taiwan) LT-Debt-to-Total-Asset Related Terms

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Brighton-Best Internation (Taiwan) (ROCO:8415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Brighton-Best Internation (Taiwan) Inc (ROCO:8415) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 122, Yi-lin road, Rende Toenship, Tainan, TWN, 71752

Website

https://www.brightonbest.com

Brighton-Best Internation (Taiwan) Inc supplies and distributes steel-related components and products. It has divided its products into Preferred tools, Fasteners, Drilling screws, and Cutting tools divisions. Its products are Magnetic nut setters, Preferred pipe wrenches, Bolts, Drywall screws, Straight shank carbide drill bits, Drilling screws, etc.

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