CMC Magnetics (TPE:2323) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is CMC Magnetics 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. CMC Magnetics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

CMC Magnetics's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.12). It may suggest that CMC Magnetics is progressively becoming more dependent on debt to grow their business.

CMC Magnetics LT-Debt-to-Total-Asset Historical Data

The historical data trend for CMC Magnetics'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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CMC Magnetics LT-Debt-to-Total-Asset Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.09

0.11

0.13

CMC Magnetics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.07	0.07	0.13	0.12

CMC Magnetics LT-Debt-to-Total-Asset Calculation

CMC Magnetics'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 )
	=	3202.741	/	25494.43
	=	0.13

CMC Magnetics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2926.229	/	25359.23
	=	0.12

CMC Magnetics (TPE:2323) 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.

CMC Magnetics LT-Debt-to-Total-Asset Related Terms

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CMC Magnetics (TPE:2323) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMC Magnetics Corp (TPE:2323) » Definitions » LT-Debt-to-Total-Asset

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Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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