Luo Lih Fen Holding Co (TPE:6666) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Luo Lih Fen Holding 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. Luo Lih Fen Holding Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Luo Lih Fen Holding Co's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Mar. 2024 (0.03). It may suggest that Luo Lih Fen Holding Co is progressively becoming less dependent on debt to grow their business.

Luo Lih Fen Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Luo Lih Fen Holding 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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Luo Lih Fen Holding Co LT-Debt-to-Total-Asset Chart

Luo Lih Fen Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.05

0.06

0.08

Luo Lih Fen Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.06	0.05	0.04	0.03

Luo Lih Fen Holding Co LT-Debt-to-Total-Asset Calculation

Luo Lih Fen Holding Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	178.523	/	2129.149
	=	0.08

Luo Lih Fen Holding 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 )
	=	55.386	/	2149.506
	=	0.03

Luo Lih Fen Holding Co (TPE:6666) 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.

Luo Lih Fen Holding Co LT-Debt-to-Total-Asset Related Terms

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Luo Lih Fen Holding Co (TPE:6666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Luo Lih Fen Holding Co Ltd (TPE:6666) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Longxiang Road, Baijiao Industrial Park, Taiwanese Investment Zone, Fujian, Zhangzhou, CHN

Website

http://www.luolihfen.com

Luo Lih Fen Holding Co Ltd is mainly engaged in the production, sales, and consulting of facial beauty care products. The company also provides course consulting services for college-level systematic training consultations and beauticians. It sells its products under the brand Draise, Sunlily, and Glingluo among others. It generates maximum revenues from Mainland China.

Luo Lih Fen Holding Co (TPE:6666) Headlines

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