Chung Tai Resource Technology (ROCO:6923) LT-Debt-to-Total-Asset : 0.32 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

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

Chung Tai Resource Technology's long-term debt to total assets ratio declined from Jun. 2023 (0.40) to Jun. 2024 (0.32). It may suggest that Chung Tai Resource Technology is progressively becoming less dependent on debt to grow their business.

Chung Tai Resource Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chung Tai Resource Technology'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.

Chung Tai Resource Technology LT-Debt-to-Total-Asset Chart

Chung Tai Resource Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.28

0.41

0.46

0.44

0.36

Chung Tai Resource Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.44	0.44	0.40	0.36	0.32

Chung Tai Resource Technology LT-Debt-to-Total-Asset Calculation

Chung Tai Resource Technology'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 )
	=	1382.883	/	3891.865
	=	0.36

Chung Tai Resource Technology'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 )
	=	1287.682	/	4053.855
	=	0.32

Chung Tai Resource Technology (ROCO:6923) 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.

Chung Tai Resource Technology LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Chung Tai Resource Technology's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Chung Tai Resource Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chung Tai Resource Technology Corp (ROCO:6923) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451

Website

https://www.chinalab.com.tw

Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

Chung Tai Resource Technology Headlines

No Headlines