Speed Tech (ROCO:5457) Debt-to-Asset : 0.27 (As of Mar. 2024)

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What is Speed Tech Debt-to-Asset?

Speed Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,979 Mil. Speed Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,601 Mil. Speed Tech's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$24,085 Mil. Speed Tech's debt to asset for the quarter that ended in Mar. 2024 was 0.27.

Speed Tech Debt-to-Asset Historical Data

The historical data trend for Speed Tech's Debt-to-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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Speed Tech Debt-to-Asset Chart

Speed Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.19

0.22

0.30

0.29

Speed Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.34	0.28	0.23	0.29	0.27

Competitive Comparison of Speed Tech's Debt-to-Asset

For the Electronic Components subindustry, Speed Tech's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Speed Tech's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Speed Tech's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Speed Tech's Debt-to-Asset falls into.

Speed Tech Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Speed Tech's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6238.585	+	705.025)	/	24065.638
	=	0.29

Speed Tech's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3979.422	+	2600.668)	/	24085.098
	=	0.27

Speed Tech (ROCO:5457) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Speed Tech Debt-to-Asset Related Terms

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Speed Tech (ROCO:5457) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Speed Tech Corp (ROCO:5457) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.568, Sec.1, Ming-Sheng North Road, Guishan District, Taoyuan City, TWN

Website

https://www.speedtech.com.tw

Speed Tech Corp is a company that manufactures electronic connectors for various computers, related control buttons, key components, mechanical design, processing, manufacturing, and sale of various precision molds, jigs, plastic molding products, and electronic, and communication products. The company earns maximum revenue from the connectors department. The company operates in China, Hong Kong, Taiwan, and others.

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