Forest Water Environmental Eng'g Co (TPE:8473) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Forest Water Environmental Eng'g 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. Forest Water Environmental Eng'g Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Forest Water Environmental Eng'g Co's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.11). It may suggest that Forest Water Environmental Eng'g Co is progressively becoming less dependent on debt to grow their business.

Forest Water Environmental Eng'g Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Forest Water Environmental Eng'g 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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Forest Water Environmental Eng'g Co LT-Debt-to-Total-Asset Chart

Forest Water Environmental Eng'g Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.18

0.20

0.18

0.11

Forest Water Environmental Eng'g 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															0.17	0.17	0.16	0.11	0.11

Forest Water Environmental Eng'g Co LT-Debt-to-Total-Asset Calculation

Forest Water Environmental Eng'g 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 )
	=	1643.741	/	15435.915
	=	0.11

Forest Water Environmental Eng'g 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 )
	=	1607.305	/	15192.578
	=	0.11

Forest Water Environmental Eng'g Co (TPE:8473) 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.

Forest Water Environmental Eng'g Co LT-Debt-to-Total-Asset Related Terms

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Forest Water Environmental Eng'g Co (TPE:8473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Forest Water Environmental Eng'g Co Ltd (TPE:8473) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.mfw.com.tw

Forest Water Environmental Eng'g Co Ltd is engaged in desalination engineering, wastewater recycling & reuse and water purification process, and sewage treatment. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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