Ostin Technology Group Co (Ostin Technology Group Co) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2023)

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

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ostin Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.03.

Ostin Technology Group Co's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2023 (0.03). It may suggest that Ostin Technology Group Co is progressively becoming more dependent on debt to grow their business.

Ostin Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ostin Technology Group Co's LT-Debt-to-Total-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 LT-Debt-to-Total-Asset Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.01

0.03

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	-	0.01	0.03

Ostin Technology Group Co LT-Debt-to-Total-Asset Calculation

Ostin Technology Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1.658	/	56.549
	=	0.03

Ostin Technology Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.658	/	56.549
	=	0.03

Ostin Technology Group Co (NAS:OST) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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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 » LT-Debt-to-Total-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.