Taiwan Shin Kong Security Co (TPE:9925) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Taiwan Shin Kong Security 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. Taiwan Shin Kong Security Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Taiwan Shin Kong Security Co's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.01). It may suggest that Taiwan Shin Kong Security Co is progressively becoming less dependent on debt to grow their business.

Taiwan Shin Kong Security Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiwan Shin Kong Security 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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Taiwan Shin Kong Security Co LT-Debt-to-Total-Asset Chart

Taiwan Shin Kong Security Co Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

Taiwan Shin Kong Security Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Taiwan Shin Kong Security Co LT-Debt-to-Total-Asset Calculation

Taiwan Shin Kong Security 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 )
	=	279.789	/	18518.903
	=	0.02

Taiwan Shin Kong Security Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	229.529	/	18933.117
	=	0.01

Taiwan Shin Kong Security Co (TPE:9925) 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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Taiwan Shin Kong Security Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Taiwan Shin Kong Security Co Ltd (TPE:9925) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 128, Xing'ai Road, Neihu District, Taipei, TWN

Website

https://www.sks.com.tw

Taiwan Shin Kong Security Co Ltd is a Taiwanese security systems provider. The company's range of products and services includes residential security systems, monitoring systems, safety products, home protection systems, long-term home care systems, vehicle security systems, and commercial security systems for factories, offices, hospitals, and retail shops, as well as security robotics research and development. Taiwan Shin Kong Security is part of the Shin Kong Group, which operates companies in the financial services, energy, real estate, manufacturing, healthcare, and consumer service sectors.

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