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Horizon Fixture Group Co (TPE:6957) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)


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What is Horizon Fixture 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. Horizon Fixture Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Horizon Fixture Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.18). It may suggest that Horizon Fixture Group Co is progressively becoming more dependent on debt to grow their business.

Horizon Fixture Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Horizon Fixture 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.

* Premium members only.

Horizon Fixture Group Co LT-Debt-to-Total-Asset Chart

Horizon Fixture Group Co Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.11 0.11 0.15

Horizon Fixture Group Co Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only - 0.15 0.13 0.11 0.18

Horizon Fixture Group Co LT-Debt-to-Total-Asset Calculation

Horizon Fixture 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 )
=464.201/3197.622
=0.15

Horizon Fixture 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 )
=1045.944/5733.937
=0.18

* 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.

Horizon Fixture Group Co  (TPE:6957) 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.

Horizon Fixture Group Co LT-Debt-to-Total-Asset Related Terms

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Horizon Fixture Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Horizon Fixture Group Co Ltd (TPE:6957) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
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Address
No. 122, Chenggong 3rd Road, Nantou County, Nantou, TWN, 54002
Website
https://www.hzfixtures.com
Horizon Fixture Group Co Ltd is a company known for its manufacturing excellence, delivering precision-engineered products with top-notch quality. Its logistical expertise ensures timely delivery and efficient distribution, backed by exceptional customer service. From iron and wood manufacturing to seamless installation and delivery, it offers end-to-end solutions tailored to prioritize customer satisfaction. The company offers a diverse portfolio of in-store displays, including eye-catching shelving systems, interactive kiosks, modular stands, and more. Each product is thoughtfully designed to maximize visibility and effectively engage customers.

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