Sincere Navigation (TPE:2605) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Sincere Navigation 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. Sincere Navigation's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Sincere Navigation's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.01). It may suggest that Sincere Navigation is progressively becoming less dependent on debt to grow their business.

Sincere Navigation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sincere Navigation'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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Sincere Navigation LT-Debt-to-Total-Asset Chart

Sincere Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.16

0.15

0.09

0.06

Sincere Navigation 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															0.08	0.06	0.06	0.06	0.01

Sincere Navigation LT-Debt-to-Total-Asset Calculation

Sincere Navigation'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 )
	=	1295.828	/	21115.675
	=	0.06

Sincere Navigation'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 )
	=	276.92	/	22090.948
	=	0.01

Sincere Navigation (TPE:2605) 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.

Sincere Navigation LT-Debt-to-Total-Asset Related Terms

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Sincere Navigation (TPE:2605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sincere Navigation Corp (TPE:2605) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 368, Fuxing South Road, 14th Floor, Section 1, Daan District, Taipei, TWN, 10656

Website

https://www.snc.com.tw

Sincere Navigation Corp is a transportation and logistics company. It s engaged in bulk shipping, tug and barge services, and operating a shipping agency. The fleets operated by the company include Double Hull Handymax Bulker, Double Hull Capesize, Capesize Bulker and Kamsarmax among others.

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