Shangya Technology Co (ROCO:6130) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Shangya Technology 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. Shangya Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Shangya Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.09). It may suggest that Shangya Technology Co is progressively becoming more dependent on debt to grow their business.

Shangya Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shangya Technology 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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Shangya Technology Co LT-Debt-to-Total-Asset Chart

Shangya Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.31

0.04

0.10

0.09

Shangya Technology 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															0.09	0.08	0.08	0.09	0.09

Shangya Technology Co LT-Debt-to-Total-Asset Calculation

Shangya Technology 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 )
	=	88.592	/	966.904
	=	0.09

Shangya Technology 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 )
	=	86.41	/	960.313
	=	0.09

Shangya Technology Co (ROCO:6130) 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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Shangya Technology Co (ROCO:6130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shangya Technology Co Ltd (ROCO:6130) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Nanjing East Road, 9th Floor - 12, No. 188, Section 5, Songshan District, Taipei, TWN, 10571

Website

https://www.singbao.com

Shangya Technology Co Ltd Formerly Singbao International Co Ltd is a Taiwan-based company involved in various activities of research and development. The Company's main business activities include research, development, production, and sales of wireless communication integrated circuits, satellite positioning system integrated circuits, and portable product ICs. The company segments are divided into the pharmaceutical business department, the product department, and others. The company derives the majority of its revenue from the pharmaceutical business department. which is responsible for the sales of Western medicines.

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