Wanshih Electronics Co (ROCO:6134) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Wanshih Electronics 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. Wanshih Electronics Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Wanshih Electronics Co's long-term debt to total assets ratio declined from Sep. 2023 (0.15) to Sep. 2024 (0.02). It may suggest that Wanshih Electronics Co is progressively becoming less dependent on debt to grow their business.

Wanshih Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wanshih Electronics 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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Wanshih Electronics Co LT-Debt-to-Total-Asset Chart

Wanshih Electronics Co Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.12

0.15

Wanshih Electronics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.15	0.15	0.02	0.02

Wanshih Electronics Co LT-Debt-to-Total-Asset Calculation

Wanshih Electronics 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 )
	=	227.799	/	1478.06
	=	0.15

Wanshih Electronics Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	25.859	/	1760.651
	=	0.01

Wanshih Electronics Co (ROCO:6134) 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.

Wanshih Electronics Co LT-Debt-to-Total-Asset Related Terms

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Wanshih Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wanshih Electronics Co Ltd (ROCO:6134) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 72, Wugong 6th Road, 3rd Floor, Industrial Zone, Wugu District, Taipei, TWN, 248

Website

https://www.wanshih.com.tw

Wanshih Electronics Co Ltd is mainly engaged in the sales of electronic components, computer and peripheral products, and the production and sale of mini coaxial cables. The company operates in three segments which are Wire Harness Division, China Division, and others. Its Wire Harness Division and China Division manufacture security, medical, and automobile cables by using precision processing technology, and combine high frequency, medical electronics, and 5G millimeter wave radar technologies to shorten the production time and to develop the market of precision high-frequency wireless communication and radar modules.

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