Hengs Technology Co (ROCO:4582) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2023)

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What is Hengs 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. Hengs Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.25.

Hengs Technology Co's long-term debt to total assets ratio declined from Dec. 2022 (0.40) to Dec. 2023 (0.25). It may suggest that Hengs Technology Co is progressively becoming less dependent on debt to grow their business.

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

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

Hengs Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.17

0.24

0.40

0.25

Hengs Technology Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.24	0.35	0.40	0.37	0.25

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

Hengs 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 )
	=	917.521	/	3666.624
	=	0.25

Hengs Technology Co'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 )
	=	917.521	/	3666.624
	=	0.25

Hengs Technology Co (ROCO:4582) 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.

Hengs Technology Co LT-Debt-to-Total-Asset Related Terms

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Hengs Technology Co (ROCO:4582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hengs Technology Co Ltd (ROCO:4582) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Number 168, Yongke Ring Road, Yongkang District, Tainan, TWN, 710

Website

http://www.hengs.com

Hengs Technology Co Ltd is a Taiwan-based company engaged in the development of the solar power system. The product portfolio of the company includes Solar Pump Package, Solar Outdoor Lighting, Solar Mounting Rack, PV Module, and Battery among others. The main business projects include energy technical service engineering, electronic equipment retail and wholesale, other machinery and lighting equipment manufacturing, international trade, etc.

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