Ping Ho Environmental Technology Co (TPE:6771) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2024)

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What is Ping Ho Environmental Technology 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. Ping Ho Environmental Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.16.

Ping Ho Environmental Technology Co's long-term debt to total assets ratio declined from Dec. 2023 (0.21) to Dec. 2024 (0.16). It may suggest that Ping Ho Environmental Technology Co is progressively becoming less dependent on debt to grow their business.

Ping Ho Environmental Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ping Ho Environmental Technology 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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Ping Ho Environmental Technology Co LT-Debt-to-Total-Asset Chart

Ping Ho Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.34

0.27

0.24

0.21

0.16

Ping Ho Environmental Technology Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.19	0.17	0.16	0.16

Ping Ho Environmental Technology Co LT-Debt-to-Total-Asset Calculation

Ping Ho Environmental Technology 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 )
	=	209.668	/	1348.719
	=	0.16

Ping Ho Environmental Technology 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 )
	=	209.668	/	1348.719
	=	0.16

Ping Ho Environmental Technology Co (TPE:6771) 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.

Ping Ho Environmental Technology Co LT-Debt-to-Total-Asset Related Terms

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Ping Ho Environmental Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ping Ho Environmental Technology Co Ltd (TPE:6771) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Bengong Road, Gangshan District, Kaohsiung, TWN

Website

http://www.pinghounion.com.tw

Ping Ho Environmental Technology Co Ltd is engaged in wastewater treatment business. It has patent for a regenerating coagulant which converts waste acid liquid and iron-containing sludge into special iron coagulants required for chemical. The Company mainly derives its operating income from revenue generated by the treatment of wastewater.

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