Tung Ho Steel Enterprise (TPE:2006) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Tung Ho Steel Enterprise 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. Tung Ho Steel Enterprise's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Tung Ho Steel Enterprise's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.06). It may suggest that Tung Ho Steel Enterprise is progressively becoming more dependent on debt to grow their business.

Tung Ho Steel Enterprise LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise LT-Debt-to-Total-Asset Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.04

0.05

0.03

0.06

Tung Ho Steel Enterprise 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															0.03	0.02	0.06	0.05	0.06

Tung Ho Steel Enterprise LT-Debt-to-Total-Asset Calculation

Tung Ho Steel Enterprise'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 )
	=	3064.289	/	54880.617
	=	0.06

Tung Ho Steel Enterprise'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 )
	=	3064.289	/	54880.617
	=	0.06

Tung Ho Steel Enterprise (TPE:2006) 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.

Tung Ho Steel Enterprise LT-Debt-to-Total-Asset Related Terms

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Tung Ho Steel Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is principally applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings and other construction projects; and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. The company has two reportable segments: Steel Segment and Steel Structure Segment. The company generates the majority of its revenue from the Steel Segment. Geographically, the company generates the majority of its revenue from Taiwan.

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