FitTech Co (TPE:6706) Debt-to-Asset : 0.25 (As of Mar. 2024)

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What is FitTech Co Debt-to-Asset?

FitTech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$459 Mil. FitTech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,032 Mil. FitTech Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$6,026 Mil. FitTech Co's debt to asset for the quarter that ended in Mar. 2024 was 0.25.

FitTech Co Debt-to-Asset Historical Data

The historical data trend for FitTech 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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FitTech Co Debt-to-Asset Chart

FitTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.08

0.20

0.06

0.16

0.28

FitTech 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															0.16	0.18	0.23	0.28	0.25

Competitive Comparison of FitTech Co's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, FitTech 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.

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

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

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

FitTech Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

FitTech 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
	=	(645.169	+	1188.602)	/	6451.53
	=	0.28

FitTech 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
	=	(459.488	+	1031.601)	/	6026.381
	=	0.25

FitTech Co (TPE:6706) 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.

FitTech Co Debt-to-Asset Related Terms

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FitTech Co (TPE:6706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FitTech Co Ltd (TPE:6706) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Gongyequ 35th Road, 1st Floor, Hsinchu Industrial Park, Xitun District, Taichung, TWN, 407

Website

https://www.fittech.com.tw

FitTech Co Ltd is a Taiwan based company mainly engaged in the development of optoelectronics like LED wafer spot measuring and laser integrated application systems. Products offered by the company include LED test system, laser micro processing system, laser metal processing system, semi-automatic laser cutting system, handheld laser welding machine, among others. The company products are used in optoelectronics and optics-related industries, electronic components, semiconductor, automotive, and manufacturing related industries. It also offers after sales services. It has a market presence in China, Japan, South Korea, and Malaysia.

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