United Alloy-Tech Co (ROCO:3162) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is United Alloy-Tech 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. United Alloy-Tech Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

United Alloy-Tech Co's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.18). It may suggest that United Alloy-Tech Co is progressively becoming more dependent on debt to grow their business.

United Alloy-Tech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Alloy-Tech 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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United Alloy-Tech Co LT-Debt-to-Total-Asset Chart

United Alloy-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.08

0.02

0.16

0.17

United Alloy-Tech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.18	0.18	0.17	0.18

United Alloy-Tech Co LT-Debt-to-Total-Asset Calculation

United Alloy-Tech 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 )
	=	1113.801	/	6712.924
	=	0.17

United Alloy-Tech Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1113.392	/	6312.494
	=	0.18

United Alloy-Tech Co (ROCO:3162) 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.

United Alloy-Tech Co LT-Debt-to-Total-Asset Related Terms

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United Alloy-Tech Co (ROCO:3162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » United Alloy-Tech Co Ltd (ROCO:3162) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.938, Zhongxing Road, She- Tzu Village, Xinwu District, Taoyuan, TWN, 32746

Website

http://www.al-alloy.com.tw

United Alloy-Tech Co Ltd mainly engages in the forging of aluminum alloys, die-casting, the production and processing of molds, and the production and sales business of auto parts. The company has two segments Aluminum alloy materials division and the Foam tapes division. Its product pipeline includes Aluminum Alloy 2-7 series, Front Fork End and Crown, Dropout, Riching Dropout, Mountain Bike Dropout, Yoke, Motor Mount, Hanger, and others. Geographically company generates the majority of its revenue from China.

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