Tricorntech (ROCO:6909) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Tricorntech 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. Tricorntech's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Tricorntech's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.01). It may suggest that Tricorntech is progressively becoming less dependent on debt to grow their business.

Tricorntech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tricorntech'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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Tricorntech LT-Debt-to-Total-Asset Chart

Tricorntech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.01

0.02

0.01

Tricorntech Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.01	0.01	0.02	0.01	0.01

Tricorntech LT-Debt-to-Total-Asset Calculation

Tricorntech'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 )
	=	10.681	/	910.107
	=	0.01

Tricorntech'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 )
	=	5.294	/	858.458
	=	0.01

Tricorntech (ROCO:6909) 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.

Tricorntech LT-Debt-to-Total-Asset Related Terms

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Tricorntech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tricorntech Corp (ROCO:6909) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 866-8, Zhongzheng Road, 17th Floor, Zhonghe District, New Taipei City, TWN, 23586

Website

https://www.tricorntech.com

Tricorntech Corp Corp provides volatile organic compounds detection services. It offers rapid air quality analysis services from cleanrooms to metropolises. Its product offerings comprise Quality Assurance of Semiconductor processes, Groundwater & Soil contamination application, and ambient air monitoring.

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