Dimerco Express (ROCO:5609) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Dimerco Express 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. Dimerco Express's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Dimerco Express's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.02). It may suggest that Dimerco Express is progressively becoming more dependent on debt to grow their business.

Dimerco Express LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dimerco Express'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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Dimerco Express LT-Debt-to-Total-Asset Chart

Dimerco Express Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

0.02

0.01

Dimerco Express 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															0.01	0.02	0.01	0.02	0.02

Dimerco Express LT-Debt-to-Total-Asset Calculation

Dimerco Express'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 )
	=	125.528	/	8881.627
	=	0.01

Dimerco Express'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 )
	=	149.751	/	8856.905
	=	0.02

Dimerco Express (ROCO:5609) 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.

Dimerco Express LT-Debt-to-Total-Asset Related Terms

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Dimerco Express Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dimerco Express Corp (ROCO:5609) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

11th Floor, No.160, Sector 6, Min Chuan East Road, Taipei, TWN

Website

https://www.dimerco.com

Dimerco Express Corp provides air freight forwarding, ocean freight forwarding, and customs brokerage service, and related investing activities. Its segments include the Asia department, America department, and Europe department. The majority of the revenue is derived from the Asia department segment.

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