Taiwan Chelic (TPE:4555) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Taiwan Chelic 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. Taiwan Chelic's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Taiwan Chelic's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.08). It may suggest that Taiwan Chelic is progressively becoming less dependent on debt to grow their business.

Taiwan Chelic LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiwan Chelic'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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Taiwan Chelic LT-Debt-to-Total-Asset Chart

Taiwan Chelic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.19

0.20

0.14

0.22

Taiwan Chelic Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.22	0.22	0.21	0.08

Taiwan Chelic LT-Debt-to-Total-Asset Calculation

Taiwan Chelic'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 )
	=	973.744	/	4409.609
	=	0.22

Taiwan Chelic's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	346.164	/	4448.881
	=	0.08

Taiwan Chelic (TPE:4555) 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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Taiwan Chelic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taiwan Chelic Corp Ltd (TPE:4555) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 21, Guifeng Street, Taishan District, New Taipei City, TWN, 24355

Website

https://www.chelic.com

Taiwan Chelic Corp Ltd isis mainly engaged in the design, production, and trading of pneumatic and hydraulic equipment for a variety of machinery, and the parts thereof, and electronic parts. Its products include FRL, pneumatic/ hydraulic cylinders, solenoid valves, air control valves, vacuum ejectors, assembly pick and place robots, and hydraulic components. The company's products are used in machinery sectors such as production facilities, inspection machines, packing machines, forming machines, repairmen equipment, and factory automation.

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