Ways Technical (ROCO:3508) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Ways Technical 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. Ways Technical's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Ways Technical's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.21). It may suggest that Ways Technical is progressively becoming more dependent on debt to grow their business.

Ways Technical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ways Technical'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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Ways Technical LT-Debt-to-Total-Asset Chart

Ways Technical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.20

0.19

Ways Technical 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															0.19	0.19	0.19	0.19	0.21

Ways Technical LT-Debt-to-Total-Asset Calculation

Ways Technical'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 )
	=	563.563	/	2908.146
	=	0.19

Ways Technical'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 )
	=	600.324	/	2913.113
	=	0.21

Ways Technical (ROCO:3508) 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.

Ways Technical LT-Debt-to-Total-Asset Related Terms

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Ways Technical (ROCO:3508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ways Technical Corp (ROCO:3508) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26, Gaoqing Road, Yangmei District, Taoyuan, TWN

Website

http://www.waystech.net

Ways Technical Corp is a Taiwan-based company engaged in the manufacture of plastic daily necessities, surface treatment, electronic parts, and components manufacturing and processing. Its geographical segment includes Taiwan and China, business groups. The majority of the revenue comes from the Taiwan business group.

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