Topco Technologies (ROCO:3388) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Topco Technologies 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. Topco Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Topco Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.11). It may suggest that Topco Technologies is progressively becoming more dependent on debt to grow their business.

Topco Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Topco Technologies'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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Topco Technologies LT-Debt-to-Total-Asset Chart

Topco Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.10

0.11

Topco Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.11	0.11	0.11	0.11

Topco Technologies LT-Debt-to-Total-Asset Calculation

Topco Technologies'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 )
	=	694.727	/	6457.61
	=	0.11

Topco Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	694.727	/	6457.61
	=	0.11

Topco Technologies (ROCO:3388) 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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Topco Technologies (ROCO:3388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Topco Technologies Corp (ROCO:3388) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No.102, Sec. 4, Civic Boulevard, 14th Floor, Da-an District, Taipei, TWN, 10690

Website

https://www.topcocorp.com

Topco Technologies Corp is engaged in the import and export business of products related to chemical materials and business of general trading activities. Its products include silicone oil, cosmetic raw materials, silicone resin, organic silicone powder, conductive thermal material, grease, sealant. It also sells LED packaging material and solar cell application materials.

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