Hsin-Li Chemical Industrial (ROCO:4303) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Hsin-Li Chemical Industrial 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. Hsin-Li Chemical Industrial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Hsin-Li Chemical Industrial's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.00). It may suggest that Hsin-Li Chemical Industrial is progressively becoming less dependent on debt to grow their business.

Hsin-Li Chemical Industrial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hsin-Li Chemical Industrial'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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Hsin-Li Chemical Industrial LT-Debt-to-Total-Asset Chart

Hsin-Li Chemical Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.03

Hsin-Li Chemical Industrial 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															0.24	0.04	0.04	0.03	-

Hsin-Li Chemical Industrial LT-Debt-to-Total-Asset Calculation

Hsin-Li Chemical Industrial'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 )
	=	49.223	/	1549.308
	=	0.03

Hsin-Li Chemical Industrial'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 )
	=	4.654	/	2100.997
	=	0.00

Hsin-Li Chemical Industrial (ROCO:4303) 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.

Hsin-Li Chemical Industrial LT-Debt-to-Total-Asset Related Terms

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Hsin-Li Chemical Industrial (ROCO:4303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hsin-Li Chemical Industrial Corp (ROCO:4303) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 121, Huazong Road, Xuejia District, Tainan, TWN

Website

https://www.hsinli.com.tw

Hsin-Li Chemical Industrial Corp manufactures leather & fabrics. It is mainly engaged in manufacturing and trading of synthetic leather, and plastic leather. Its products encompasses PVC soft leather, Flock adhesive cloth, wet & dry PU synthetic leather, PVC casting leather and PVC calendar leather. Its products are applied to bags & footwear.

Hsin-Li Chemical Industrial (ROCO:4303) Headlines

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