Eson Precision Ind Co (TPE:5243) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Eson Precision Ind 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. Eson Precision Ind Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Eson Precision Ind Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.04). It may suggest that Eson Precision Ind Co is progressively becoming less dependent on debt to grow their business.

Eson Precision Ind Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eson Precision Ind 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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Eson Precision Ind Co LT-Debt-to-Total-Asset Chart

Eson Precision Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

Eson Precision Ind Co 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															0.06	0.06	0.05	0.04	0.04

Eson Precision Ind Co LT-Debt-to-Total-Asset Calculation

Eson Precision Ind Co'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 )
	=	473.738	/	11931.143
	=	0.04

Eson Precision Ind Co'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 )
	=	447.199	/	12684.419
	=	0.04

Eson Precision Ind Co (TPE:5243) 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.

Eson Precision Ind Co LT-Debt-to-Total-Asset Related Terms

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Eson Precision Ind Co (TPE:5243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eson Precision Ind Co Ltd (TPE:5243) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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Address

No. 88, Yuanfeng Road, High-tech Zone, Jiangsu, Kunshan, CHN

Website

http://www.eson.com.cn

Eson Precision Ind Co Ltd mainly designs, develops, manufactures, and sells molds, plastics, hardware products, and new types of electronic components and flat-panel displays. The company operates in four segments which are Automobile mechanical parts, TV mechanical parts, Server mechanical parts, Molds, and others. The group operates in two principal geographical areas China, Asia, and the Americas.

Eson Precision Ind Co (TPE:5243) Headlines

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