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Kings Metal Fiber Technologies Co (ROCO:6832) LT-Debt-to-Total-Asset : 0.33 (As of Jun. 2024)


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What is Kings Metal Fiber Technologies 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. Kings Metal Fiber Technologies Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.33.

Kings Metal Fiber Technologies Co's long-term debt to total assets ratio declined from Jun. 2023 (0.38) to Jun. 2024 (0.33). It may suggest that Kings Metal Fiber Technologies Co is progressively becoming less dependent on debt to grow their business.


Kings Metal Fiber Technologies Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kings Metal Fiber Technologies 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.

* Premium members only.

Kings Metal Fiber Technologies Co LT-Debt-to-Total-Asset Chart

Kings Metal Fiber Technologies Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.01 - 0.42 0.40 0.36

Kings Metal Fiber Technologies Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.42 0.40 0.38 0.36 0.33

Kings Metal Fiber Technologies Co LT-Debt-to-Total-Asset Calculation

Kings Metal Fiber Technologies 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 )
=325.41/899.112
=0.36

Kings Metal Fiber Technologies Co'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 )
=310.995/952.313
=0.33

* 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.


Kings Metal Fiber Technologies Co  (ROCO:6832) 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.


Kings Metal Fiber Technologies Co LT-Debt-to-Total-Asset Related Terms

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Kings Metal Fiber Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
Linsen N. Road, 8th Floor, No. 426, Zhongshan District, Taipei, TWN, 104
Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.

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