IOVTEC Co (ROCO:7583) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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What is IOVTEC 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. IOVTEC Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.12.

IOVTEC Co's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.12). It may suggest that IOVTEC Co is progressively becoming more dependent on debt to grow their business.

IOVTEC Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for IOVTEC 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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IOVTEC Co LT-Debt-to-Total-Asset Chart

IOVTEC Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.13

0.15

0.13

IOVTEC Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.15	0.12	0.13	0.12

IOVTEC Co LT-Debt-to-Total-Asset Calculation

IOVTEC 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 )
	=	159.364	/	1274.483
	=	0.13

IOVTEC 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 )
	=	168.146	/	1421.401
	=	0.12

IOVTEC Co (ROCO:7583) 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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IOVTEC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IOVTEC Co Ltd (ROCO:7583) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 89, Section 5, Nanjing East Road, 9th Floor, Songshan District, Taipei, TWN, 105409

Website

https://www.iog-tw.com

IOVTEC Co Ltd formerly International Ocean Vessel Technical Consuitant Co Ltd is a Taiwan based company operating offering integrated services across multiple sectors. It is a local survey company that steps into the offshore wind market in Taiwan to provide integrated offshore wind services for the country's landmark projects. The company provides the services in following areas such as Marine services and Land services. Marine services include Site Appraisal and Concept Design, Foundation Design and UXO Risk Mitigation. Land services include Track Twin, Vegetation Control and Site characterization.

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