Genii Ideas Co (ROCO:7631) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Genii Ideas 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. Genii Ideas Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Genii Ideas Co's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2024 (0.03). It may suggest that Genii Ideas Co is progressively becoming more dependent on debt to grow their business.

Genii Ideas Co LT-Debt-to-Total-Asset Historical Data

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

Genii Ideas Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.03

Genii Ideas Co Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.03	0.03	0.03	0.03

Genii Ideas Co LT-Debt-to-Total-Asset Calculation

Genii Ideas 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 )
	=	20.753	/	754.999
	=	0.03

Genii Ideas 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 )
	=	29.85	/	880.741
	=	0.03

Genii Ideas Co (ROCO:7631) 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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Genii Ideas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Genii Ideas Co Ltd (ROCO:7631) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th Floor, No. 231, Linsen Road, East District, Hsinchu, TWN, 300025

Website

https://www.geniideas.com.tw

Genii Ideas Co Ltd is a company whose main business is fuel pipe installation engineering, piping engineering and automatic control equipment engineering. Their core competencies lie in materials science, laser optics, automation, and precision mold development, allowing them to provide immediate, innovative, and optimized business solutions tailored to their clients' needs.

Genii Ideas Co Headlines

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