Gallant Precision Machining Co (ROCO:5443) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is Gallant Precision Machining 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. Gallant Precision Machining Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

Gallant Precision Machining Co's long-term debt to total assets ratio increased from Dec. 2023 (0.07) to Dec. 2024 (0.12). It may suggest that Gallant Precision Machining Co is progressively becoming more dependent on debt to grow their business.

Gallant Precision Machining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gallant Precision Machining 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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Gallant Precision Machining Co LT-Debt-to-Total-Asset Chart

Gallant Precision Machining Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.09

0.07

0.12

Gallant Precision Machining Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.08	0.08	0.12

Gallant Precision Machining Co LT-Debt-to-Total-Asset Calculation

Gallant Precision Machining Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1677.005	/	13479.917
	=	0.12

Gallant Precision Machining Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1677.005	/	13479.917
	=	0.12

Gallant Precision Machining Co (ROCO:5443) 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.

Gallant Precision Machining Co LT-Debt-to-Total-Asset Related Terms

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Gallant Precision Machining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gallant Precision Machining Co Ltd (ROCO:5443) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 5-1, Innovation 1st Road, Science-Based Industrial Park, Hsinchu, TWN, 300

Website

https://www.gpmcorp.com.tw

Gallant Precision Machining Co Ltd is engaged in the design, manufacture, and sale of molds and machinery, metal parts and mold parts, stamping parts and die-cast parts, and automated manufacturing systems and their unit equipment. Geographically, it derives a majority of its revenue from China. It generates maximum revenue from the display process equipment.

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