Chi Cheng Enterprise Co (ROCO:3095) LT-Debt-to-Total-Asset : 0.61 (As of Dec. 2024)

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What is Chi Cheng Enterprise 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. Chi Cheng Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.61.

Chi Cheng Enterprise Co's long-term debt to total assets ratio declined from Dec. 2023 (0.70) to Dec. 2024 (0.61). It may suggest that Chi Cheng Enterprise Co is progressively becoming less dependent on debt to grow their business.

Chi Cheng Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chi Cheng Enterprise 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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Chi Cheng Enterprise Co LT-Debt-to-Total-Asset Chart

Chi Cheng Enterprise Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.63

0.74

0.70

0.61

Chi Cheng Enterprise 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															0.70	0.68	0.62	0.58	0.61

Chi Cheng Enterprise Co LT-Debt-to-Total-Asset Calculation

Chi Cheng Enterprise 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 )
	=	564.279	/	922.592
	=	0.61

Chi Cheng Enterprise 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 )
	=	564.279	/	922.592
	=	0.61

Chi Cheng Enterprise Co (ROCO:3095) 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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Chi Cheng Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chi Cheng Enterprise Co Ltd (ROCO:3095) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No.111, Jianer Road, Zhonghe District, New Taipei, TWN, 235

Website

https://www.chicheng.com.tw

Chi Cheng Enterprise Co Ltd is a Taiwan-based company that designs, manufactures, and sells structural components of portable products. The products offered by the group include molding parts, precision dies, stamping, plastic molds, battery contact blocks, and lens contact blocks among others. In addition, it also offers communication devices, optical cameras, electronic products, computers, and peripherals. All the activities are geographically operated through the region of Taiwan.

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