Tsann Kuen (China) Enterprise Co (SZSE:200512) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Tsann Kuen (China) Enterprise 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. Tsann Kuen (China) Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Tsann Kuen (China) Enterprise Co's long-term debt to total assets ratio declined from Mar. 2023 (0.21) to Mar. 2024 (0.15). It may suggest that Tsann Kuen (China) Enterprise Co is progressively becoming less dependent on debt to grow their business.

Tsann Kuen (China) Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tsann Kuen (China) Enterprise 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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Tsann Kuen (China) Enterprise Co LT-Debt-to-Total-Asset Chart

Tsann Kuen (China) Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.20

0.21

0.15

Tsann Kuen (China) Enterprise Co 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															0.21	0.20	0.15	0.15	0.15

Tsann Kuen (China) Enterprise Co LT-Debt-to-Total-Asset Calculation

Tsann Kuen (China) Enterprise 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 )
	=	428.947	/	2833.188
	=	0.15

Tsann Kuen (China) Enterprise Co'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 )
	=	430.161	/	2785.711
	=	0.15

Tsann Kuen (China) Enterprise Co (SZSE:200512) 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.

Tsann Kuen (China) Enterprise Co LT-Debt-to-Total-Asset Related Terms

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Tsann Kuen (China) Enterprise Co (SZSE:200512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tsann Kuen (China) Enterprise Co Ltd (SZSE:200512) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

TSANN KUEN Industrial Park, Taiwanese Investment Zone, Fujian Province, Zhangzhou, CHN, 363107

Website

http://www.eupa.com

Tsann Kuen (China) Enterprise Co Ltd is a company that develops and manufactures household appliances, electronics, light industrial products and, modern office supplies. Its operating segments are Small home appliance manufacturing and Other services. The product categories include Cooking utensils, Everyday home appliances, Tea and coffee makers, and other products and services. Geographically the company operates in Australia, Africa, America, Europe, and Asia, of which prime revenue is derived from America. The majority of its revenue is generated through the Small home appliance manufacturing segment.

Tsann Kuen (China) Enterprise Co (SZSE:200512) Headlines

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