Lingsen Precision Industries (TPE:2369) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Lingsen Precision Industries 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. Lingsen Precision Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Lingsen Precision Industries's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.09). It may suggest that Lingsen Precision Industries is progressively becoming less dependent on debt to grow their business.

Lingsen Precision Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lingsen Precision Industries'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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Lingsen Precision Industries LT-Debt-to-Total-Asset Chart

Lingsen Precision Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.10

0.11

0.13

0.10

Lingsen Precision Industries 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															0.11	0.10	0.10	0.10	0.09

Lingsen Precision Industries LT-Debt-to-Total-Asset Calculation

Lingsen Precision Industries'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 )
	=	782.118	/	7944.441
	=	0.10

Lingsen Precision Industries'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 )
	=	730.337	/	7757.039
	=	0.09

Lingsen Precision Industries (TPE:2369) 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.

Lingsen Precision Industries LT-Debt-to-Total-Asset Related Terms

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Lingsen Precision Industries (TPE:2369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Lingsen Precision Industries Ltd (TPE:2369) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5-1, South 2nd Road, Tanzi District, Taichung, TWN, 427058

Website

https://www.lingsen.com.tw

Lingsen Precision Industries Ltd operates in the semiconductor industry. The company is engaged in the packaging, processing, testing and distribution of integrated circuits and various semiconductor components. The main business is IC packaging and testing as well as optoelectronic devices.

Lingsen Precision Industries (TPE:2369) Headlines

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