Soonest Express Co (ROCO:2643) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Soonest Express 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. Soonest Express Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Soonest Express Co's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.04). It may suggest that Soonest Express Co is progressively becoming less dependent on debt to grow their business.

Soonest Express Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Soonest Express 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.

* Premium members only.

Soonest Express Co LT-Debt-to-Total-Asset Chart

Soonest Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.04

0.01

0.02

0.04

Soonest Express Co 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															0.06	0.04	0.04	0.04	0.04

Soonest Express Co LT-Debt-to-Total-Asset Calculation

Soonest Express Co'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 )
	=	126.491	/	3020.272
	=	0.04

Soonest Express Co'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 )
	=	92.124	/	2657.877
	=	0.03

Soonest Express Co (ROCO:2643) 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.

Soonest Express Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Soonest Express Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Soonest Express Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Soonest Express Co Ltd (ROCO:2643) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, Number 34, Rui Guang Road, Taipei, TWN, 114

Website

http://www.soonest.com

Soonest Express Co Ltd is a Taiwan based company involved in providing cargo handling services to airlines. The company's services include Air Freight Forwarding, Ocean Freight Forwarding, Custom Clearance, Transit, and Courier Express.

Soonest Express Co Headlines

No Headlines