Firich Enterprises Co (ROCO:8076) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Firich Enterprises 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. Firich Enterprises Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Firich Enterprises Co's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.07). It may suggest that Firich Enterprises Co is progressively becoming less dependent on debt to grow their business.

Firich Enterprises Co LT-Debt-to-Total-Asset Historical Data

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

Firich Enterprises Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.08

0.09

Firich Enterprises Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.08	0.07	0.07

Firich Enterprises Co LT-Debt-to-Total-Asset Calculation

Firich Enterprises 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 )
	=	565.708	/	6446.019
	=	0.09

Firich Enterprises Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	553.666	/	7558.756
	=	0.07

Firich Enterprises Co (ROCO:8076) 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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Firich Enterprises Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Firich Enterprises Co Ltd (ROCO:8076) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Sec. 1 Hsin Tai Wu Road, Section 1, 10th Floor, No. 75, Sijhih District, New Taipei City, TWN, 221

Website

https://www.fecpos.com

Firich Enterprises Co Ltd operates in the assembly, manufacture, import, and export of business-oriented computers and their peripheral equipment. It is engaged in the POS systems business, generating solid and consistent growth. FEC provides a range of POS products, including all-in-one touch terminals, box PCs, monitors, and related peripherals. The group is divided into two reportable segments: Computers and its peripherals, which design, manufacture, and sell POS system hardware and software as well as related after-sales and maintenance services; and Other, which deals in the wholesale of alcoholic beverages. The majority of the revenue is generated from the Computers and its peripherals segment.

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