Teco Electric & Machinery Co (TPE:1504) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Teco Electric & Machinery 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. Teco Electric & Machinery Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Teco Electric & Machinery Co's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.07). It may suggest that Teco Electric & Machinery Co is progressively becoming less dependent on debt to grow their business.

Teco Electric & Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Teco Electric & Machinery 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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Teco Electric & Machinery Co LT-Debt-to-Total-Asset Chart

Teco Electric & Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.10

0.11

Teco Electric & Machinery 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															0.12	0.11	0.11	0.08	0.07

Teco Electric & Machinery Co LT-Debt-to-Total-Asset Calculation

Teco Electric & Machinery 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 )
	=	13412.141	/	127313.79
	=	0.11

Teco Electric & Machinery 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 )
	=	9418.37	/	126857.317
	=	0.07

Teco Electric & Machinery Co (TPE:1504) 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.

Teco Electric & Machinery Co LT-Debt-to-Total-Asset Related Terms

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Teco Electric & Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco Electric & Machinery Co Ltd (TPE:1504) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 19-9, San Chong Road, Nan-Kang, 5th Floor, Taipei, TWN, 11501

Website

https://www.teco.com.tw

Teco Electric & Machinery Co Ltd is a Taiwan-based company that manufactures and sells various types of mechanical equipment, air-conditioning units and electronic equipment products. The company's Heavy industrial products, the largest product line by revenue contribution, are used in fluid machinery, elevators, cranes, petrochemical machinery, rolling mills, pumps, and various other machinery. The company's home appliance offerings comprise air conditioners, refrigerators, washing machines, televisions, air purifiers, and others. The company also provides automation products such as converters, servo controllers, and circuit breakers. The company generates the majority of its sales from Taiwan.

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