General Plastic Industrial Co (TPE:6128) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is General Plastic 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. General Plastic Industrial Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

General Plastic Industrial Co's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.08). It may suggest that General Plastic Industrial Co is progressively becoming more dependent on debt to grow their business.

General Plastic Industrial Co LT-Debt-to-Total-Asset Historical Data

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

General Plastic Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.08

0.05

0.08

0.05

General Plastic Industrial Co 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															0.06	0.05	0.09	0.09	0.08

General Plastic Industrial Co LT-Debt-to-Total-Asset Calculation

General Plastic Industrial 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 )
	=	433.345	/	8221.716
	=	0.05

General Plastic Industrial Co'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 )
	=	695.753	/	8340.061
	=	0.08

General Plastic Industrial Co (TPE:6128) 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.

General Plastic Industrial Co LT-Debt-to-Total-Asset Related Terms

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General Plastic Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » General Plastic Industrial Co Ltd (TPE:6128) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 50, Tzu-Chiang Road, Wu-Chi District, Taichung, TWN, 43547

Website

https://www.gpi.com.tw

General Plastic Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and selling toner cartridges of photocopiers, laser printers, OPC drum gears, and other related businesses. The company's operating segments include; the Office Imaging Equipment Supplies segment which derives key revenue, and the Other Operations segment. Geographically, the company generates a majority of its revenue from the United States and the rest from the Netherlands, Italy, Mexico, France, and other countries.

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