Ton Yi Industrial (TPE:9907) Liabilities-to-Assets : 0.39 (As of Mar. 2024)

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What is Ton Yi Industrial Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Ton Yi Industrial's Total Liabilities for the quarter that ended in Mar. 2024 was NT$13,326 Mil. Ton Yi Industrial's Total Assets for the quarter that ended in Mar. 2024 was NT$33,867 Mil. Therefore, Ton Yi Industrial's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.39.

Ton Yi Industrial Liabilities-to-Assets Historical Data

The historical data trend for Ton Yi Industrial's Liabilities-to-Assets 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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Ton Yi Industrial Liabilities-to-Assets Chart

Ton Yi Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

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0.46

0.42

0.45

0.37

0.39

Ton Yi Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial															0.34	0.41	0.39	0.39	0.39

Competitive Comparison of Ton Yi Industrial's Liabilities-to-Assets

For the Packaging & Containers subindustry, Ton Yi Industrial's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Ton Yi Industrial's Liabilities-to-Assets Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ton Yi Industrial's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Ton Yi Industrial's Liabilities-to-Assets falls into.

Ton Yi Industrial Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Ton Yi Industrial's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	12640.608	/	32572.84
	=	0.39

Ton Yi Industrial's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	13326.423	/	33866.624
	=	0.39

Ton Yi Industrial (TPE:9907) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Ton Yi Industrial Liabilities-to-Assets Related Terms

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Ton Yi Industrial (TPE:9907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ton Yi Industrial Corp (TPE:9907) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.837, Zhongzheng North Road, YongKang District, Tainan City, TWN, 710002

Website

https://www.tonyi.com.tw

Ton Yi Industrial Corp manufactures and sells a variety of packaging products. The company's primary product categories include cold rolled carbon steel, tin plates, tin cans, and polyethylene terephthalate (PET). Cold rolled carbon steel is sold to manufacturers of buckets, electric parts, steel tubes, and car parts. Tin plates are sold to manufacturers of nozzles, spouts, crown caps, and can liners. Tin cans are typically sold to the food industry, while PET is used to make plastic bottles, caps, and labels for the beverage industry.

Ton Yi Industrial (TPE:9907) Headlines

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