Sunspring Metal (TPE:2062) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2024)

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What is Sunspring Metal 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. Sunspring Metal's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.09.

Sunspring Metal's long-term debt to total assets ratio declined from Dec. 2023 (0.14) to Dec. 2024 (0.09). It may suggest that Sunspring Metal is progressively becoming less dependent on debt to grow their business.

Sunspring Metal LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sunspring Metal'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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Sunspring Metal LT-Debt-to-Total-Asset Chart

Sunspring Metal Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.29

0.24

0.21

0.14

0.09

Sunspring Metal 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															0.14	0.10	0.09	0.11	0.09

Sunspring Metal LT-Debt-to-Total-Asset Calculation

Sunspring Metal'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 )
	=	978.076	/	11473.312
	=	0.09

Sunspring Metal'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 )
	=	978.076	/	11473.312
	=	0.09

Sunspring Metal (TPE:2062) 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.

Sunspring Metal LT-Debt-to-Total-Asset Related Terms

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Sunspring Metal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunspring Metal Corp (TPE:2062) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

NO.11, Keya Road, Taichung Science Park, Taichung, TWN

Website

http://www.sunspring.com.tw

Sunspring Metal Corporation is a Taiwan-based company mainly engaged in the manufacturing, processing, and trading of water pipe switch accessories, gate valves, corks, copper pipe fittings, and waterway sanitary equipment and also production and sales of bathroom spare parts. Geographically company has two operations which are Asia Operations Area which includes production and sales in Asia, and North America Operation Area which includes production and sales in North America. The majority of its revenue derives from the Asia operations area.

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