Texture Maker Enterprise Co (ROCO:6963) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

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What is Texture Maker Enterprise 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. Texture Maker Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

Texture Maker Enterprise Co's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.18). It may suggest that Texture Maker Enterprise Co is progressively becoming more dependent on debt to grow their business.

Texture Maker Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Texture Maker Enterprise 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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Texture Maker Enterprise Co LT-Debt-to-Total-Asset Chart

Texture Maker Enterprise Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.17

0.15

0.18

Texture Maker Enterprise Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.17	-	0.15	0.13	0.18

Texture Maker Enterprise Co LT-Debt-to-Total-Asset Calculation

Texture Maker Enterprise 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 )
	=	142.31	/	812.349
	=	0.18

Texture Maker Enterprise Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	142.31	/	812.349
	=	0.18

Texture Maker Enterprise Co (ROCO:6963) 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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Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251

Website

https://www.texturemaker.com.tw

Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

Texture Maker Enterprise Co (ROCO:6963) Headlines

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