Ostin Technology Group Co (Ostin Technology Group Co) Debt-to-Asset : 0.45 (As of Sep. 2023)

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What is Ostin Technology Group Co Debt-to-Asset?

Ostin Technology Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $24.02 Mil. Ostin Technology Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.66 Mil. Ostin Technology Group Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $56.55 Mil. Ostin Technology Group Co's debt to asset for the quarter that ended in Sep. 2023 was 0.45.

Ostin Technology Group Co Debt-to-Asset Historical Data

The historical data trend for Ostin Technology Group 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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Ostin Technology Group Co Debt-to-Asset Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

0.39

0.25

0.43

0.37

0.45

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial				0.43	0.47	0.37	0.44	0.45

Competitive Comparison of Ostin Technology Group Co's Debt-to-Asset

For the Electronic Components subindustry, Ostin Technology Group 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.

Ostin Technology Group Co's Debt-to-Asset Distribution in the Hardware Industry

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

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

Ostin Technology Group Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ostin Technology Group Co's Debt-to-Asset for the fiscal year that ended in Sep. 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
	=	(24.02	+	1.658)	/	56.549
	=	0.45

Ostin Technology Group Co's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(24.02	+	1.658)	/	56.549
	=	0.45

Ostin Technology Group Co (NAS:OST) 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.

Ostin Technology Group Co Debt-to-Asset Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.