Chieftek Precision Co (TPE:1597) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2024)

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What is Chieftek Precision 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. Chieftek Precision Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.25.

Chieftek Precision Co's long-term debt to total assets ratio increased from Dec. 2023 (0.23) to Dec. 2024 (0.25). It may suggest that Chieftek Precision Co is progressively becoming more dependent on debt to grow their business.

Chieftek Precision Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chieftek Precision 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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Chieftek Precision Co LT-Debt-to-Total-Asset Chart

Chieftek Precision Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.18

0.20

0.19

0.23

0.25

Chieftek Precision 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															0.23	0.25	0.27	0.26	0.25

Chieftek Precision Co LT-Debt-to-Total-Asset Calculation

Chieftek Precision 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 )
	=	1052.927	/	4159.927
	=	0.25

Chieftek Precision 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 )
	=	1052.927	/	4159.927
	=	0.25

Chieftek Precision Co (TPE:1597) 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.

Chieftek Precision Co LT-Debt-to-Total-Asset Related Terms

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Chieftek Precision Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chieftek Precision Co Ltd (TPE:1597) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Number 3, Dali 1st Road, Sourthern taiwan Science Park, Xinshi District, Tainan, TWN, 741-45

Website

http://www.chieftek.com

Chieftek Precision Co Ltd engages in the manufacture and sale of the ball and roller bearings The Company engages in the research, development, manufacture and sales of miniature linear guides, miniature ball screws, miniature linear modules, electro-optics equipment and semiconductor process equipment. It involves in manufacture of miniature linear motion components. Its products include Standard 4-Row Ball Bearing Linear Guide, Wide 4-Row Ball Bearing Linear Guide, Miniature Linear Guide, ST Miniature Stroke Slide Series, and Ironless Linear Motor. Geographically, the company operates in China, Germany, Singapore, USA, Taiwan, Korea, Singapore and Others, out of which Germany derives maximum revenue.

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