Yang Ming Marine Transport (TPE:2609) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Yang Ming Marine Transport 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. Yang Ming Marine Transport's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Yang Ming Marine Transport's long-term debt to total assets ratio declined from Dec. 2023 (0.08) to Dec. 2024 (0.04). It may suggest that Yang Ming Marine Transport is progressively becoming less dependent on debt to grow their business.

Yang Ming Marine Transport LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yang Ming Marine Transport'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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Yang Ming Marine Transport LT-Debt-to-Total-Asset Chart

Yang Ming Marine Transport Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.27

0.09

0.07

0.08

0.04

Yang Ming Marine Transport 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															0.08	0.08	0.06	0.04	0.04

Yang Ming Marine Transport LT-Debt-to-Total-Asset Calculation

Yang Ming Marine Transport'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 )
	=	17811.92	/	484132.909
	=	0.04

Yang Ming Marine Transport'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 )
	=	17811.92	/	484132.909
	=	0.04

Yang Ming Marine Transport (TPE:2609) 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.

Yang Ming Marine Transport LT-Debt-to-Total-Asset Related Terms

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Yang Ming Marine Transport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yang Ming Marine Transport Corp (TPE:2609) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 271, Ming De 1st Road, Qidu District, Keelung, TWN, 206

Website

https://www.yangming.com

Yang Ming Marine Transport Corp is a transportation and logistics company that is headquartered in Taiwan and operates in the container shipping industry. It generates revenue from contracts with customers for providing domestic and overseas marine container shipping and passenger services. The company also earns revenue from operating leases on ships, containers, and warehouses. It earns the portion of its sales from customers in America, followed by Europe and Asia.

Yang Ming Marine Transport Headlines

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