Kao Fong Machinery Co (ROCO:4510) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Kao Fong Machinery 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. Kao Fong Machinery Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Kao Fong Machinery Co's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Mar. 2024 (0.24). It may suggest that Kao Fong Machinery Co is progressively becoming less dependent on debt to grow their business.

Kao Fong Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kao Fong Machinery 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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Kao Fong Machinery Co LT-Debt-to-Total-Asset Chart

Kao Fong Machinery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.22

0.23

0.20

0.27

0.31

Kao Fong Machinery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.31	0.30	0.28	0.24

Kao Fong Machinery Co LT-Debt-to-Total-Asset Calculation

Kao Fong Machinery Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1459.332	/	4688.754
	=	0.31

Kao Fong Machinery 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 )
	=	1030.358	/	4363.166
	=	0.24

Kao Fong Machinery Co (ROCO:4510) 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.

Kao Fong Machinery Co LT-Debt-to-Total-Asset Related Terms

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Kao Fong Machinery Co (ROCO:4510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kao Fong Machinery Co Ltd (ROCO:4510) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

No.16, Keya Road,, Daya district, Taichung, TWN, 42881

Website

http://www.kafo.com.tw

Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. Its products consist of vertical machining centers, horizontal machining centers, numerical control milling machines, as well as bridge machining centers.

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