Landis Taipei Hotel Co (ROCO:5703) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Landis Taipei Hotel 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. Landis Taipei Hotel Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Landis Taipei Hotel Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.12). It may suggest that Landis Taipei Hotel Co is progressively becoming more dependent on debt to grow their business.

Landis Taipei Hotel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Landis Taipei Hotel 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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Landis Taipei Hotel Co LT-Debt-to-Total-Asset Chart

Landis Taipei Hotel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.04

0.01

0.12

Landis Taipei Hotel Co 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	0.01	0.11	0.12	0.12

Landis Taipei Hotel Co LT-Debt-to-Total-Asset Calculation

Landis Taipei Hotel 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 )
	=	112.485	/	943.845
	=	0.12

Landis Taipei Hotel Co'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 )
	=	111.099	/	933.879
	=	0.12

Landis Taipei Hotel Co (ROCO:5703) 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.

Landis Taipei Hotel Co LT-Debt-to-Total-Asset Related Terms

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Landis Taipei Hotel Co (ROCO:5703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Landis Taipei Hotel Co Ltd (ROCO:5703) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41, Minquan East Road, Section 2, Zhongshan District, Taipei, TWN, 104

Website

https://taipei.landishotelsresorts.com

Landis Taipei Hotel Co Ltd is engaged in the provision of hotel accommodations and the operation of restaurants. It mainly engages in international tourist hotel business, along with auxiliary restaurants, cafe, and bar businesses. It also supplies related facilities, such as conference halls, gyms, parking lots, and associated services for some special events. The reporting segments of the group are The Company, Liz Dining, and other segment, of which prime revenue is derived from the Company segment.

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