Ocean Plastics Co (TPE:1321) Debt-to-Asset : 0.34 (As of Mar. 2024)

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What is Ocean Plastics Co Debt-to-Asset?

Ocean Plastics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$243 Mil. Ocean Plastics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,890 Mil. Ocean Plastics Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$12,048 Mil. Ocean Plastics Co's debt to asset for the quarter that ended in Mar. 2024 was 0.34.

Ocean Plastics Co Debt-to-Asset Historical Data

The historical data trend for Ocean Plastics Co'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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Ocean Plastics Co Debt-to-Asset Chart

Ocean Plastics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.34

0.27

0.29

0.34

0.36

Ocean Plastics Co 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															0.36	0.37	0.36	0.36	0.34

Competitive Comparison of Ocean Plastics Co's Debt-to-Asset

For the Specialty Chemicals subindustry, Ocean Plastics Co'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.

Ocean Plastics Co's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ocean Plastics Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ocean Plastics Co's Debt-to-Asset falls into.

Ocean Plastics Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ocean Plastics Co'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
	=	(468.668	+	3823.24)	/	11931.695
	=	0.36

Ocean Plastics Co'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
	=	(242.977	+	3890.365)	/	12048.276
	=	0.34

Ocean Plastics Co (TPE:1321) 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.

Ocean Plastics Co Debt-to-Asset Related Terms

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Ocean Plastics Co (TPE:1321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ocean Plastics Co Ltd (TPE:1321) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 310, Juguang Road, 5th - 6th Floor, Wanhua District, Taipei, TWN, 108

Website

https://www.opc.com.tw

Ocean Plastics Co Ltd is a Taiwan-based company, that engages in the manufacturing and selling of plastic raw materials, products, and plastic industry supplementary materials. Its products include plastic cloths, plastic pipe, plastic leather products, synthetic leather products, plastic construction materials, and plastic raw materials The company distributes its products in Taiwan, Japan, China, India, and the United States, among others.

Ocean Plastics Co (TPE:1321) Headlines

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