Chung-Hsin Electric & Machinery Mfg (TPE:1513) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Chung-Hsin Electric & Machinery Mfg 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. Chung-Hsin Electric & Machinery Mfg's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Chung-Hsin Electric & Machinery Mfg's long-term debt to total assets ratio declined from Dec. 2023 (0.27) to Dec. 2024 (0.23). It may suggest that Chung-Hsin Electric & Machinery Mfg is progressively becoming less dependent on debt to grow their business.

Chung-Hsin Electric & Machinery Mfg LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chung-Hsin Electric & Machinery Mfg'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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Chung-Hsin Electric & Machinery Mfg LT-Debt-to-Total-Asset Chart

Chung-Hsin Electric & Machinery Mfg Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.27

0.36

0.33

0.27

0.23

Chung-Hsin Electric & Machinery Mfg 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															0.27	0.25	0.23	0.22	0.23

Chung-Hsin Electric & Machinery Mfg LT-Debt-to-Total-Asset Calculation

Chung-Hsin Electric & Machinery Mfg'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 )
	=	11168.172	/	49267.832
	=	0.23

Chung-Hsin Electric & Machinery Mfg'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 )
	=	11168.172	/	49267.832
	=	0.23

Chung-Hsin Electric & Machinery Mfg (TPE:1513) 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.

Chung-Hsin Electric & Machinery Mfg LT-Debt-to-Total-Asset Related Terms

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Chung-Hsin Electric & Machinery Mfg Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chung-Hsin Electric & Machinery Mfg Corp (TPE:1513) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 25, Wen-Te Road, Lo Shan Tsun, Guishan District, Taoyuan, TWN, 33383

Website

https://www.chem.com.tw

Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.

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