Phoenix Pioneer Technology Co (ROCO:6920) LT-Debt-to-Total-Asset : 0.32 (As of Jun. 2024)

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What is Phoenix Pioneer 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. Phoenix Pioneer Technology Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.32.

Phoenix Pioneer Technology Co's long-term debt to total assets ratio increased from Jun. 2023 (0.32) to Jun. 2024 (0.32). It may suggest that Phoenix Pioneer Technology Co is progressively becoming more dependent on debt to grow their business.

Phoenix Pioneer Technology Co LT-Debt-to-Total-Asset Historical Data

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

Phoenix Pioneer Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.43

0.47

0.37

0.10

0.33

Phoenix Pioneer Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.24	0.10	0.32	0.33	0.32

Phoenix Pioneer Technology Co LT-Debt-to-Total-Asset Calculation

Phoenix Pioneer 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 )
	=	1285.353	/	3887.704
	=	0.33

Phoenix Pioneer Technology 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 )
	=	1212.99	/	3743.851
	=	0.32

Phoenix Pioneer Technology Co (ROCO:6920) 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.

Phoenix Pioneer Technology Co LT-Debt-to-Total-Asset Related Terms

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Phoenix Pioneer Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Pioneer Technology Co Ltd (ROCO:6920) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 458-17, Xinxing Road, Hukou Township, Hsinchu, TWN, 30353

Website

http://www.ppt.com.tw

Phoenix Pioneer Technology Co Ltd is composite by the elite of semiconductor industry and is an innovative new enterprise which is responsible for manufacturing, marketing, researching and developing IC substrate.

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