Sunplus Technology Co (TPE:2401) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Sunplus Technology 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. Sunplus Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Sunplus Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.07). It may suggest that Sunplus Technology Co is progressively becoming less dependent on debt to grow their business.

Sunplus Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sunplus Technology 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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Sunplus Technology Co LT-Debt-to-Total-Asset Chart

Sunplus Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.04

0.08

Sunplus Technology Co 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	0.09	0.08	0.08	0.07

Sunplus Technology Co LT-Debt-to-Total-Asset Calculation

Sunplus Technology Co'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 )
	=	1122.25	/	13956.031
	=	0.08

Sunplus Technology Co'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 )
	=	1044.467	/	14185.11
	=	0.07

Sunplus Technology Co (TPE:2401) 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.

Sunplus Technology Co LT-Debt-to-Total-Asset Related Terms

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Sunplus Technology Co (TPE:2401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunplus Technology Co Ltd (TPE:2401) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No.19, Innovation 1st Road, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.sunplus.com

Sunplus Technology Co Ltd t researches, develops, designs, tests and sells high quality, high value-added consumer integrated circuits (ICs). Its products are based on core technologies in such areas as multimedia audio/video, single-chip microcontrollers and digital signal processors. These technologies are used to develop hundreds of products including various ICs: Liquid crystal display, microcontroller, multimedia, voice/music, and application-specific devices.

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