Magnate Technology Co (ROCO:4541) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Magnate Technology 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. Magnate Technology Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Magnate Technology Co's long-term debt to total assets ratio declined from Jun. 2023 (0.34) to Jun. 2024 (0.17). It may suggest that Magnate Technology Co is progressively becoming less dependent on debt to grow their business.

Magnate Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnate Technology 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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Magnate Technology Co LT-Debt-to-Total-Asset Chart

Magnate Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.38

0.40

0.34

0.18

Magnate Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.33	0.18	0.17	0.17

Magnate Technology Co LT-Debt-to-Total-Asset Calculation

Magnate Technology 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 )
	=	668.506	/	3812.068
	=	0.18

Magnate Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	638.02	/	3866.473
	=	0.17

Magnate Technology Co (ROCO:4541) 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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Magnate Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magnate Technology Co Ltd (ROCO:4541) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Number 11, Beiling 2nd Road, Beiling Ville., Lujhu District, Kaohsiung, TWN, 821

Website

http://www.maicl.com

Magnate Technology Co Ltd is a Taiwan-based company operating in the Aerospace & Defense Industry. The company is mainly engaged in the processing or manufacturing and sells aircraft components, mechanical equipment components and general instrument components, and other related products, It also provides aerospace product processing services. It has two operating segments which include the aircraft and Non-aircrafts segment. Geographically it generates the majority of its revenue from Taiwan.

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