Tainet Communication System (ROCO:4905) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Tainet Communication System 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. Tainet Communication System's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Tainet Communication System's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Tainet Communication System is progressively becoming more dependent on debt to grow their business.

Tainet Communication System LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tainet Communication System'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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Tainet Communication System LT-Debt-to-Total-Asset Chart

Tainet Communication System Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Tainet Communication System 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															-	-	-	-	0.01

Tainet Communication System LT-Debt-to-Total-Asset Calculation

Tainet Communication System'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 )
	=	0.038	/	3503.646
	=	0.00

Tainet Communication System'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 )
	=	45	/	3942.283
	=	0.01

Tainet Communication System (ROCO:4905) 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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Tainet Communication System (ROCO:4905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tainet Communication System Corp (ROCO:4905) » Definitions » LT-Debt-to-Total-Asset

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Address

No.108, Ruiguang Road, 3 floor, Huyuan Li, Neihu District, Taipei, TWN, 114

Website

http://www.tainet.net

Tainet Communication System Corp is a manufacturer of digital transmission and switching equipment, data terminal equipment, line interface equipment (including telemetry devices), communication and traffic. Manufacturing, processing, trading and installation engineering business of replacement equipment, programmable power supplies, etc.

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