Formosa Electronic Industries (ROCO:8171) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Formosa Electronic Industries 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. Formosa Electronic Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Formosa Electronic Industries's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.04). It may suggest that Formosa Electronic Industries is progressively becoming more dependent on debt to grow their business.

Formosa Electronic Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Formosa Electronic Industries'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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Formosa Electronic Industries LT-Debt-to-Total-Asset Chart

Formosa Electronic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.01

0.05

Formosa Electronic Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.01	0.05	0.04

Formosa Electronic Industries LT-Debt-to-Total-Asset Calculation

Formosa Electronic Industries'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 )
	=	111.464	/	2424.54
	=	0.05

Formosa Electronic Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	105.013	/	2454.745
	=	0.04

Formosa Electronic Industries (ROCO:8171) 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.

Formosa Electronic Industries LT-Debt-to-Total-Asset Related Terms

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Formosa Electronic Industries (ROCO:8171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Formosa Electronic Industries Inc (ROCO:8171) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Lane 130, Minquan Road, 5th Floor, Xindian District, Taipei Hsien, TWN

Website

https://www.feii.com.tw

Formosa Electronic Industries Inc is engaged in the assembly, processing, manufacturing, trading, agent distribution, and trading of single-string parallel battery modules, mobile power supplies, wireless chargers, green energy battery modules, and distributed energy storage systems. Its other products include wireless chargers, power adapters, accessories, OEM, and green products.

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