Hai Kwang Enterprise (TPE:2038) LT-Debt-to-Total-Asset: 0.27 (As of Dec. 2025)

What is Hai Kwang Enterprise LT-Debt-to-Total-Asset?

Hai Kwang Enterprise TPE:2038 66 LT-Debt-to-Total-Asset is 0.27 as of Dec. 2025. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.10 (Modestly Undervalued). The stock has 6 warning signs investors should review.

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. Hai Kwang Enterprise's long-term debt to total assests ratio for the quarter that ended in Dec. 2025 was 0.27.

Hai Kwang Enterprise's long-term debt to total assets ratio increased from Dec. 2024 (0.18) to Dec. 2025 (0.27). It may suggest that Hai Kwang Enterprise is progressively becoming more dependent on debt to grow their business.

Hai Kwang Enterprise (TPE:2038) 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.

Hai Kwang Enterprise LT-Debt-to-Total-Asset Related Terms

Hai Kwang Enterprise LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Hai Kwang 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.

Hai Kwang Enterprise LT-Debt-to-Total-Asset Chart

Hai Kwang Enterprise Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.12

0.15

0.14

0.18

0.27

Hai Kwang Enterprise Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.27	0.27	0.26	0.27

66GF Score

Hai Kwang Enterprise Corp TPE:2038

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Hai Kwang Enterprise LT-Debt-to-Total-Asset Calculation

Hai Kwang Enterprise's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	2559.67	/	9648.826
	=	0.27

Hai Kwang Enterprise's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (Q: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2025 )	/	Total Assets (Q: Dec. 2025 )
	=	2559.67	/	9648.826
	=	0.27

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.27 mean?

Hai Kwang Enterprise (TPE:2038) has a LT-Debt-to-Total-Asset of 0.27 as of Dec. 2025. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Hai Kwang Enterprise and its competitors.

Is Hai Kwang Enterprise's LT-Debt-to-Total-Asset too high?

Hai Kwang Enterprise's current LT-Debt-to-Total-Asset is 0.27. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hai Kwang Enterprise's LT-Debt-to-Total-Asset compare to NUE and STLD?

Hai Kwang Enterprise's LT-Debt-to-Total-Asset of 0.27 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Steel company?

A good LT-Debt-to-Total-Asset depends on the Steel industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Hai Kwang Enterprise and its competitors. Hai Kwang Enterprise's current LT-Debt-to-Total-Asset is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hai Kwang Enterprise stock overvalued right now?

Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.10, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.27. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Hai Kwang Enterprise (TPE:2038), the current LT-Debt-to-Total-Asset is 0.27 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?

Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued. The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.10. GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.

Key valuation signals for TPE:2038:

LT-Debt-to-Total-Asset: 0.27
GF Value™: NT$15.10 vs. price of NT$13.20 (12.6% below fair value)
GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hai Kwang Enterprise Business Description

Industry Basic Materials Steel

Comparable Companies TPE:2025 TPE:2032 TPE:2069 ROCO:5014 ROCO:2221 ROCO:6248 TPE:2007 ROCO:1480 TPE:2024 TPE:2033 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Address No. 12, Yanhai 2nd Road, Xiaogang District, Kaohsiung City, TWN

Website https://www.haikwang.com.tw

Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.

66GF Score

Get the complete analysis for TPE:2038

LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$13.20

Price

NT$15.10

GF Value

View TPE:2038 Analysis

See LT-Debt-to-Total-Asset data for all stocks →