Ventec International Group Co (TPE:6672) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Ventec International Group 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. Ventec International Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Ventec International Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that Ventec International Group Co is progressively becoming less dependent on debt to grow their business.

Ventec International Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ventec International Group 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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Ventec International Group Co LT-Debt-to-Total-Asset Chart

Ventec International Group 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

0.03

Ventec International Group 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															0.03	0.03	0.02	0.03	0.03

Ventec International Group Co LT-Debt-to-Total-Asset Calculation

Ventec International Group 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 )
	=	125.386	/	4664.253
	=	0.03

Ventec International Group 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 )
	=	117.525	/	4734.59
	=	0.02

Ventec International Group Co (TPE:6672) 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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Ventec International Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ventec International Group Co (TPE:6672) » Definitions » LT-Debt-to-Total-Asset

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Address

308 TaiShan Road, New District, Jiangsu, Suzhou, CHN, 215129

Website

https://www.ventec-group.com

Ventec International Group Co is engaged in research and development, production and sale of copper clad laminate (CCL), aluminum-backed laminate (IMS) and prepreg used in a wide range of printed circuit boards. Geographically presence of the company is in Asia, Europe and America and it generates majority of its revenue from Asia.

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