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Sports Gear Co (TPE:6768) LT-Debt-to-Total-Asset : 0.10 (As of Jun. 2024)


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What is Sports Gear 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. Sports Gear Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.10.

Sports Gear Co's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.10). It may suggest that Sports Gear Co is progressively becoming less dependent on debt to grow their business.


Sports Gear Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sports Gear 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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Sports Gear Co LT-Debt-to-Total-Asset Chart

Sports Gear Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.13 0.10 0.07 0.08 0.10

Sports Gear Co Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.12 0.10 0.08 0.10

Sports Gear Co LT-Debt-to-Total-Asset Calculation

Sports Gear 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 )
=2062.901/19925.671
=0.10

Sports Gear Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=2077.071/21436.79
=0.10

* 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.


Sports Gear Co  (TPE:6768) 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.


Sports Gear Co LT-Debt-to-Total-Asset Related Terms

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Sports Gear Co Business Description

Traded in Other Exchanges
N/A
Address
802 West Bay Road, Oleander Way, The Grand Pavilion Commercial Centre, P.O. Box 32052, Grand Cayman, CYM, 1208
Sports Gear Co Ltd is engaged in the manufacturing, import, and export of shoes and other sports-related products. The company produces and sells Casual shoes, Sports Shoes and others. Geographically the company generates revenue from America, Europe, Asia, China, Taiwan, and Others. The company generates majority of its revenue from America.

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