Formosaint Jose (ROCO:7764) LT-Debt-to-Total-Asset : 0.31 (As of Jun. 2024)

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What is Formosaint Jose 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. Formosaint Jose's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.31.

Formosaint Jose's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.31). It may suggest that Formosaint Jose is progressively becoming more dependent on debt to grow their business.

Formosaint Jose LT-Debt-to-Total-Asset Historical Data

The historical data trend for Formosaint Jose'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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Formosaint Jose LT-Debt-to-Total-Asset Chart

Formosaint Jose Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.35

0.32

Formosaint Jose Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.35	0.35	-	0.32	0.31

Formosaint Jose LT-Debt-to-Total-Asset Calculation

Formosaint Jose'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 )
	=	713.072	/	2242.304
	=	0.32

Formosaint Jose'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 )
	=	742.566	/	2397.142
	=	0.31

Formosaint Jose (ROCO:7764) 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.

Formosaint Jose LT-Debt-to-Total-Asset Related Terms

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Formosaint Jose Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Formosa Saint Jose Corp (ROCO:7764) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor, No. 319 Jiaxing Street, Daan District, Taipei, TWN, 106

Website

https://www.shop.3dmats.com

Formosa Saint Jose Corp is a Company engaged in manufacturing and wholesale trading of various auto parts and molds.

Formosaint Jose Headlines

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