Pontex Polyblend Co (ROCO:8935) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Pontex Polyblend 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. Pontex Polyblend Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Pontex Polyblend Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.10). It may suggest that Pontex Polyblend Co is progressively becoming less dependent on debt to grow their business.

Pontex Polyblend Co LT-Debt-to-Total-Asset Historical Data

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

Pontex Polyblend Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.21

0.17

0.15

0.13

Pontex Polyblend 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															0.13	0.13	0.12	0.10	0.10

Pontex Polyblend Co LT-Debt-to-Total-Asset Calculation

Pontex Polyblend 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 )
	=	198.075	/	1545.531
	=	0.13

Pontex Polyblend 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 )
	=	146.521	/	1534.372
	=	0.10

Pontex Polyblend Co (ROCO:8935) 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.

Pontex Polyblend Co LT-Debt-to-Total-Asset Related Terms

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Pontex Polyblend Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pontex Polyblend Co Ltd (ROCO:8935) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.23-6, Longxing Lane Fengxing Road, Section 2, Tanzi District, Taichung City, TWN, 427

Website

https://en.pontex.com/index.php

Pontex Polyblend Co Ltd is engaged in the y in the business of compounding, processing, injection, moulding and trading of resins, plastic and rubber materials, shoe sole materials, etc., as well as in the operation and investment of the relevant businesses. The company is has two reportable segments Equipment Business Segment and Compound Materials Business Segment. The company generates majority of the revenue from Compound Materials Business Segment.

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