Shinkong Textile Co (TPE:1419) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Shinkong Textile 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. Shinkong Textile Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Shinkong Textile Co's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.07). It may suggest that Shinkong Textile Co is progressively becoming more dependent on debt to grow their business.

Shinkong Textile Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shinkong Textile 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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Shinkong Textile Co LT-Debt-to-Total-Asset Chart

Shinkong Textile Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.07

Shinkong Textile Co 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															0.03	0.03	0.03	0.05	0.07

Shinkong Textile Co LT-Debt-to-Total-Asset Calculation

Shinkong Textile Co'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 )
	=	1416.239	/	21529.226
	=	0.07

Shinkong Textile Co'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 )
	=	1416.239	/	21529.226
	=	0.07

Shinkong Textile Co (TPE:1419) 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.

Shinkong Textile Co LT-Debt-to-Total-Asset Related Terms

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Shinkong Textile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Textile Co Ltd (TPE:1419) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, Floor 15, No. 44, Section 2, Zhongshan, Taipei, TWN, 10448

Website

https://www.sktextile.com.tw

Shinkong Textile Co Ltd engaged in production and sale of a variety of synthetic fibers, fabrics, and finished fabrics; agency for the import and sale of garments, and the leasing and sale of buildings and public housing units constructed by builders commissioned by the Company.

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