Mayer Steel Pipe (TPE:2020) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Mayer Steel Pipe 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. Mayer Steel Pipe's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Mayer Steel Pipe's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.06). It may suggest that Mayer Steel Pipe is progressively becoming less dependent on debt to grow their business.

Mayer Steel Pipe LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mayer Steel Pipe'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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Mayer Steel Pipe LT-Debt-to-Total-Asset Chart

Mayer Steel Pipe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.10

0.07

Mayer Steel Pipe 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															0.07	0.07	0.06	0.06	0.06

Mayer Steel Pipe LT-Debt-to-Total-Asset Calculation

Mayer Steel Pipe'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 )
	=	492.162	/	7480.099
	=	0.07

Mayer Steel Pipe'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 )
	=	481.817	/	8203.45
	=	0.06

Mayer Steel Pipe (TPE:2020) 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.

Mayer Steel Pipe LT-Debt-to-Total-Asset Related Terms

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Mayer Steel Pipe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mayer Steel Pipe Corp (TPE:2020) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 2-1, Section 3, Minquan East Road, 12th Floor, Zhongshan District, Taipei, TWN, 10477

Website

https://www.mayer.com.tw

Mayer Steel Pipe Corp is engaged in the steel industry. The main business of the company and its divisions are specialized in the manufacture and sale of black steel pipes, galvanized steel pipes, and stainless steel coils for pipes. The company has five reportable segments which include the Steel department, Real estate investment department, Investment department, Mineral trade department, and Hotel services department. The majority of the revenue comes from the Steel department which is engaged in the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.

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