Cryomax Cooling System (TPE:1587) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Cryomax Cooling System 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. Cryomax Cooling System's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Cryomax Cooling System's long-term debt to total assets ratio declined from Dec. 2023 (0.13) to Dec. 2024 (0.08). It may suggest that Cryomax Cooling System is progressively becoming less dependent on debt to grow their business.

Cryomax Cooling System LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cryomax Cooling System'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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Cryomax Cooling System LT-Debt-to-Total-Asset Chart

Cryomax Cooling System Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.06

0.13

0.08

Cryomax Cooling System 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															0.13	0.12	0.10	0.09	0.08

Cryomax Cooling System LT-Debt-to-Total-Asset Calculation

Cryomax Cooling System'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 )
	=	276.849	/	3400.894
	=	0.08

Cryomax Cooling System'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 )
	=	276.849	/	3400.894
	=	0.08

Cryomax Cooling System (TPE:1587) 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.

Cryomax Cooling System LT-Debt-to-Total-Asset Related Terms

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Cryomax Cooling System Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cryomax Cooling System Corp (TPE:1587) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28, Gongqu Road, Fangyuan Industrial Park, Houliao Village, Fangyuan Township, Changhua, TWN

Website

https://www.cryomaxcooling.com

Cryomax Cooling System Corp is engaged in the manufacturing, processing, trading, and exporting of metal water tanks for various vehicles. The company provides automobile cooling system products, including automobile water tanks, intercoolers, oil coolers, and condensers, as well as components for automobile cooling systems, including sinks, fixed plates, cores, and sealing gaskets, among others. Its products are applied in mini busses, light trucks, trucks, generators, and off-road vehicles, among others.

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