Solomon Technology (TPE:2359) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Solomon Technology 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. Solomon Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Solomon Technology's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.02). It may suggest that Solomon Technology is progressively becoming less dependent on debt to grow their business.

Solomon Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solomon Technology'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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Solomon Technology LT-Debt-to-Total-Asset Chart

Solomon Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.02

Solomon Technology 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															0.02	0.02	0.02	0.02	0.02

Solomon Technology LT-Debt-to-Total-Asset Calculation

Solomon Technology'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 )
	=	177.49	/	9943.003
	=	0.02

Solomon Technology'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 )
	=	177.49	/	9943.003
	=	0.02

Solomon Technology (TPE:2359) 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.

Solomon Technology LT-Debt-to-Total-Asset Related Terms

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Solomon Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solomon Technology Corp (TPE:2359) » Definitions » LT-Debt-to-Total-Asset

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Address

No.42, Shing Jung Road, 6th Floor, Neihu District, Taipei, TWN

Website

https://www.solomon.com.tw

Solomon Technology Corp is mainly engaged in the sale, manufacturing, agency, and import of generators, semiconductors, electronic parts, and LCDs. Its service locations are widely spread in the Asia-Pacific region and in Great China, such as Hong Kong, Shanghai, Beijing, Tianjin, Jinan, Suzhou, Xiamen, Shenzhen, Dongguan, Chengdu, Chongqing, Xian, Wuhan, and Hefei.

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