Meiloon Industrial Co (TPE:2477) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Meiloon Industrial 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. Meiloon Industrial Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Meiloon Industrial Co's long-term debt to total assets ratio increased from Dec. 2023 (0.06) to Dec. 2024 (0.07). It may suggest that Meiloon Industrial Co is progressively becoming more dependent on debt to grow their business.

Meiloon Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Meiloon Industrial 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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Meiloon Industrial Co LT-Debt-to-Total-Asset Chart

Meiloon Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.10

0.06

0.07

Meiloon Industrial 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															0.06	0.07	0.07	0.08	0.07

Meiloon Industrial Co LT-Debt-to-Total-Asset Calculation

Meiloon Industrial 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 )
	=	608.844	/	8291.3
	=	0.07

Meiloon Industrial 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 )
	=	608.844	/	8291.3
	=	0.07

Meiloon Industrial Co (TPE:2477) 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.

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Meiloon Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meiloon Industrial Co Ltd (TPE:2477) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No 99, XingFu Road, Taoyuan District, Taoyuan, TWN, 33051

Website

http://www.meiloon.com

Meiloon Industrial Co Ltd designs and manufactures all types of visual and audio products. Its product line includes hi-fi home theater systems; car speakers and amplifiers; professional audio speakers; projectors and many others.

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