Formosa Plastics (TPE:1301) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is Formosa Plastics 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 Plastics's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

Formosa Plastics's long-term debt to total assets ratio declined from Dec. 2023 (0.11) to Dec. 2024 (0.11). It may suggest that Formosa Plastics is progressively becoming less dependent on debt to grow their business.

Formosa Plastics LT-Debt-to-Total-Asset Historical Data

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

Formosa Plastics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.07

0.11

Formosa Plastics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.11	0.10	0.09	0.11

Formosa Plastics LT-Debt-to-Total-Asset Calculation

Formosa Plastics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	53064.501	/	496830.078
	=	0.11

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	53064.501	/	496830.078
	=	0.11

Formosa Plastics (TPE:1301) 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 Plastics LT-Debt-to-Total-Asset Related Terms

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Formosa Plastics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Plastics Corp (TPE:1301) » Definitions » LT-Debt-to-Total-Asset

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Address

201, Tung Hwa North Road, 4th Floor, Taipei, TWN, 814

Website

https://www.fpc.com.tw

Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics Division, Polyolefins Division, Polypropylene Division, Tairylan Division, Chemistry Division, and Other Divisions. The company operates in Asia, including Taiwan, and mainland China, among others.

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