Yuen Chang Stainless Steel Co (TPE:2069) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2024)

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What is Yuen Chang Stainless Steel 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. Yuen Chang Stainless Steel Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.09.

Yuen Chang Stainless Steel Co's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.09). It may suggest that Yuen Chang Stainless Steel Co is progressively becoming less dependent on debt to grow their business.

Yuen Chang Stainless Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yuen Chang Stainless Steel 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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Yuen Chang Stainless Steel Co LT-Debt-to-Total-Asset Chart

Yuen Chang Stainless Steel Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.15

0.21

0.12

0.09

Yuen Chang Stainless Steel 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															0.12	0.08	0.09	0.06	0.09

Yuen Chang Stainless Steel Co LT-Debt-to-Total-Asset Calculation

Yuen Chang Stainless Steel 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 )
	=	788.736	/	9171.674
	=	0.09

Yuen Chang Stainless Steel 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 )
	=	788.736	/	9171.674
	=	0.09

Yuen Chang Stainless Steel Co (TPE:2069) 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.

Yuen Chang Stainless Steel Co LT-Debt-to-Total-Asset Related Terms

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Yuen Chang Stainless Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yuen Chang Stainless Steel Co Ltd (TPE:2069) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 235, Zhongzheng 4th Road, 13th Floor, ChianJin Chiu, Kaohsiung, TWN

Website

https://www.yuenchang.com.tw

Yuen Chang Stainless Steel Co Ltd is a Taiwan-based steel company. It is engaged in stainless steel shearing, splitting, surface treatment, processing and trading, and import & export of stainless steel products. The company's products include stainless steel coils, plates, sheets, and strips.

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