Zig Sheng Industrial Co (TPE:1455) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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

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

Zig Sheng Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zig Sheng Industrial 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.
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Zig Sheng Industrial Co LT-Debt-to-Total-Asset Chart

Zig Sheng Industrial Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

0.13

Zig Sheng Industrial 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	0.09	0.09	0.10

Zig Sheng Industrial Co LT-Debt-to-Total-Asset Calculation

Zig Sheng Industrial 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 )
	=	1300.523	/	10309.364
	=	0.13

Zig Sheng Industrial 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 )
	=	1080.838	/	11157.728
	=	0.10

Zig Sheng Industrial Co (TPE:1455) 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.

Zig Sheng Industrial Co LT-Debt-to-Total-Asset Related Terms

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Zig Sheng Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zig Sheng Industrial Co Ltd (TPE:1455) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 70, Sining North Road, 2nd Floor, Datong District, Taipei, TWN

Website

http://www.zigsheng.com

Zig Sheng Industrial Co Ltd is a Taiwan-based company principally engaged in the spinning, weaving, dyeing/finishing, printing, processing, and trading of various filaments, artificial cotton, and nylon. It offers Textured yarns, Polyester yarn Nylon filaments, and Nylon chips products. The textured yarns products include function yarns, high stretch yarns, nylon yarns, multifilament, and fancy yarns, among others. Its nylon filament products include fine filament yarns, polyester pre-oriented yarns, oxford yarns, and industrial yarns. The nylon chip products include spinning grade nylon chips and engineering plastic grade nylon chips.

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