Chang Wah Technology Co (ROCO:6548) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Chang Wah 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. Chang Wah Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Chang Wah Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.16). It may suggest that Chang Wah Technology Co is progressively becoming more dependent on debt to grow their business.

Chang Wah Technology Co LT-Debt-to-Total-Asset Historical Data

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

Chang Wah Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.27

0.12

0.14

0.15

Chang Wah 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															0.14	0.17	0.17	0.15	0.16

Chang Wah Technology Co LT-Debt-to-Total-Asset Calculation

Chang Wah 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 )
	=	2992.847	/	19966.95
	=	0.15

Chang Wah 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 )
	=	3154.699	/	20416.952
	=	0.15

Chang Wah Technology Co (ROCO:6548) 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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Chang Wah Technology Co (ROCO:6548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chang Wah Technology Co Ltd (ROCO:6548) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.24, Kai-Fa Road, Nan-Tze Export Processing Zone, Kaohsiung, TWN, 811

Website

https://www.cwtcglobal.com

Chang Wah Technology Co Ltd is a Taiwan-based frame manufacturer. The Company is mainly engaged in the manufacturing of light-emitting diode (LED) frame packaging materials. It focuses on the manufacture of electronic products and electronic components and retail and wholesale of electronic components and machinery business. The company also provides LED precision molds, as well as LED lighting fixtures, such as bulbs, patio lights, and panel lights, among others.

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