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Fortune Electric Co (TPE:1519) Debt-to-Asset : 0.07 (As of Mar. 2024)


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What is Fortune Electric Co Debt-to-Asset?

Fortune Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$285 Mil. Fortune Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$843 Mil. Fortune Electric Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$17,157 Mil. Fortune Electric Co's debt to asset for the quarter that ended in Mar. 2024 was 0.07.

Fortune Electric Co Debt-to-Asset Historical Data

The historical data trend for Fortune Electric 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.

* Premium members only.

Fortune Electric Co Debt-to-Asset Chart

Fortune Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.17 0.28 0.25 0.04

Fortune Electric 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 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 0.28 0.18 0.14 0.04 0.07

Competitive Comparison of Fortune Electric Co's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Fortune Electric 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.

Fortune Electric Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fortune Electric Co's Debt-to-Asset distribution charts can be found below:

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


Fortune Electric Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fortune Electric 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
=(409.369 + 223.534) / 15246.768
=0.04

Fortune Electric 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
=(284.79 + 843.243) / 17157.483
=0.07

* 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.

Fortune Electric Co  (TPE:1519) 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.

Fortune Electric Co Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Fortune Electric Co's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortune Electric Co (TPE:1519) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fortune Electric Co Ltd (TPE:1519) » Definitions » Debt-to-Asset
Comparable Companies
ROCO:6121 TPE:6781 TPE:1503 TPE:6412 TPE:3665 TPE:6282 TPE:1609 TPE:2457 TPE:3617 TPE:6409 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 SZSE:300124 XPAR:LR SZSE:300274 HUBB XKRX:247540 VRT
Traded in Other Exchanges
N/A
Address
No. 10, Jilin Road, Zhongli District, Taoyuan, TWN, 32063
Website
https://www.fortune.com.tw
Fortune Electric Co Ltd is engaged in manufactures, processes, and trades of transformers, distribution panels, low voltage switches, and substation equipment. The company's operating segment includes Electrical and Mechanical Department and Turnkey Department. It generates maximum revenue from the Electrical and Mechanical department segment. The company's products include cast resin transformer, amorphous metal alloy core transformer, power transformer, distribution transformer, metal-clad switchgear, GIS, switchgear panel, motor control center, gas switch, and transmission and distribution apparatus.

Fortune Electric Co (TPE:1519) Headlines

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