Tai Tung Communication Co (TPE:8011) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Tai Tung Communication 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. Tai Tung Communication Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Tai Tung Communication Co's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.22). It may suggest that Tai Tung Communication Co is progressively becoming less dependent on debt to grow their business.

Tai Tung Communication Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tai Tung Communication 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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Tai Tung Communication Co LT-Debt-to-Total-Asset Chart

Tai Tung Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.31

0.32

0.35

0.34

Tai Tung Communication Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.35	0.34	0.34	0.22

Tai Tung Communication Co LT-Debt-to-Total-Asset Calculation

Tai Tung Communication 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 )
	=	2686.281	/	7807.903
	=	0.34

Tai Tung Communication 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 )
	=	617.49	/	2873.966
	=	0.21

Tai Tung Communication Co (TPE:8011) 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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Tai Tung Communication Co (TPE:8011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tai Tung Communication Co Ltd (TPE:8011) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

9th Floor, Number 219, Fuhui Road, Xinzhuang District, New Taipei City, TWN

Website

https://www.ttcc.com.tw

Tai Tung Communication Co Ltd is a Taiwan-based company mainly engaged in the fiber optical cables and Fiber to the Home (FTTH) related accessories business, internal and external communication cables business, power transmission cables business, manufacture and sale of other products, and wholesale and retail sale of ores. The company's business operations cover outdoor and indoor optical cables, telecommunication cable, power transmission and distribution cable, CATV trunk and distribution cable and others.

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