Para Light Electronics Co (TPE:6226) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2024)

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What is Para Light Electronics 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. Para Light Electronics Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.21.

Para Light Electronics Co's long-term debt to total assets ratio increased from Dec. 2023 (0.20) to Dec. 2024 (0.21). It may suggest that Para Light Electronics Co is progressively becoming more dependent on debt to grow their business.

Para Light Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Para Light Electronics 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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Para Light Electronics Co LT-Debt-to-Total-Asset Chart

Para Light Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.19

0.16

0.07

0.20

0.21

Para Light Electronics Co 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															0.20	0.19	0.20	0.20	0.21

Para Light Electronics Co LT-Debt-to-Total-Asset Calculation

Para Light Electronics Co'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 )
	=	484.557	/	2335.501
	=	0.21

Para Light Electronics Co'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 )
	=	484.557	/	2335.501
	=	0.21

Para Light Electronics Co (TPE:6226) 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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Para Light Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Para Light Electronics Co Ltd (TPE:6226) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 8, Jiankang Road, Zhonghe District, 11th floor, New Taipei City, TWN, 23586

Website

https://www.para.com.tw/en

Para Light Electronics Co Ltd manufactures and processing and sale of various LEDs and LED displays as well as real estate development. Its product line consists of light-emitting diodes lamps, LED seven segment displays, dot matrix displays, LED light bars, SMD LEDs, etc.

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