Sinmag Equipment (ROCO:1580) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Sinmag Equipment 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. Sinmag Equipment's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Sinmag Equipment's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Sinmag Equipment is progressively becoming less dependent on debt to grow their business.

Sinmag Equipment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinmag Equipment'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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Sinmag Equipment LT-Debt-to-Total-Asset Chart

Sinmag Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

Sinmag Equipment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Sinmag Equipment LT-Debt-to-Total-Asset Calculation

Sinmag Equipment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	38.034	/	3982.118
	=	0.01

Sinmag Equipment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	16.982	/	4101.006
	=	0.00

Sinmag Equipment (ROCO:1580) 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.

Sinmag Equipment LT-Debt-to-Total-Asset Related Terms

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Sinmag Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinmag Equipment Corp (ROCO:1580) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Wuquan 6th Road, Wugu District, New Tapei City, TWN

Website

https://www.sinmag.com.tw

Sinmag Equipment Corp is a manufacturer of full-range bakery equipment. Its range of bakery equipment covers Planetary Mixers, Spiral Mixers, Bowl lifters, Dividers and Rounders, Moulders, Sheeters, and Proofers, among others. The company mainly operates in China, the USA, Japan, and European countries. The firm sells its products to supermarkets such as Carrefour, Walmart, Tesco, Auchan, and RT-Mart among others.

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