Zippy Technology (TPE:2420) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Zippy 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. Zippy Technology's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Zippy Technology's long-term debt to total assets ratio declined from Mar. 2023 (0.20) to Mar. 2024 (0.19). It may suggest that Zippy Technology is progressively becoming less dependent on debt to grow their business.

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

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

Zippy Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.20

Zippy Technology 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															0.20	0.19	0.20	0.20	0.19

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

Zippy Technology'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 )
	=	1058.006	/	5380.158
	=	0.20

Zippy Technology'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 )
	=	1045.5	/	5651.557
	=	0.18

Zippy Technology (TPE:2420) 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.

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

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Zippy Technology (TPE:2420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zippy Technology Corp (TPE:2420) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50, Minquan Road, 10th Floor, Xindian District, New Taipei, TWN

Website

https://www.zippy.com.tw

Zippy Technology Corp is engaged in the designing, manufacturing and trading of micro switches, power supplies. Its products are widely used in consumer electronics, IT peripherals, communication products, household appliances, medical and industrial products, and automobiles.

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