Horng Tong Enterprise Co (ROCO:5271) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Horng Tong Enterprise 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. Horng Tong Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Horng Tong Enterprise Co's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.11). It may suggest that Horng Tong Enterprise Co is progressively becoming more dependent on debt to grow their business.

Horng Tong Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Horng Tong Enterprise 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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Horng Tong Enterprise Co LT-Debt-to-Total-Asset Chart

Horng Tong Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.05

0.03

0.11

Horng Tong Enterprise Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.03	0.02	0.11

Horng Tong Enterprise Co LT-Debt-to-Total-Asset Calculation

Horng Tong Enterprise 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 )
	=	126.031	/	1134.742
	=	0.11

Horng Tong Enterprise 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 )
	=	126.031	/	1134.742
	=	0.11

Horng Tong Enterprise Co (ROCO:5271) 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.

Horng Tong Enterprise Co LT-Debt-to-Total-Asset Related Terms

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Horng Tong Enterprise Co (ROCO:5271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horng Tong Enterprise Co Ltd (ROCO:5271) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3F Unit 7-8, Zhong-Xing Road, Section 1, Wugo District, New Taipei City, TWN, 248

Website

http://www.hometom.com.tw

Horng Tong Enterprise Co Ltd is a Taiwan based connector provider company. The company is engaged in designing, manufacturing and sales of consumer electronics products. Its main products include Motherboard, Notebook, connectors and TV/SET TOP BOX.

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