Tang Eng Iron Works Co (ROCO:2035) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2024)

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What is Tang Eng Iron Works 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. Tang Eng Iron Works Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.40.

Tang Eng Iron Works Co's long-term debt to total assets ratio increased from Dec. 2023 (0.36) to Dec. 2024 (0.40). It may suggest that Tang Eng Iron Works Co is progressively becoming more dependent on debt to grow their business.

Tang Eng Iron Works Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tang Eng Iron Works 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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Tang Eng Iron Works Co LT-Debt-to-Total-Asset Chart

Tang Eng Iron Works Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.39

0.32

0.30

0.36

0.40

Tang Eng Iron Works Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.37	0.37	0.38	0.40

Tang Eng Iron Works Co LT-Debt-to-Total-Asset Calculation

Tang Eng Iron Works Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	7150	/	17723.463
	=	0.40

Tang Eng Iron Works Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	7150	/	17723.463
	=	0.40

Tang Eng Iron Works Co (ROCO:2035) 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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Tang Eng Iron Works Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tang Eng Iron Works Co Ltd (ROCO:2035) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No.4 Yen Hai 2nd Road, Xiaogang District, Hsiao Kang, Kaohsiung, TWN, 81260

Website

https://www.tangeng.com.tw

Tang Eng Iron Works Co Ltd is engaged in the production and distribution of stainless steel products in Taiwan. It produces stainless steel, including AISI 200, AISI 300, and 400 grades of steel billet as well as hot and cold rolled steel coil.

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