TUGHF (Tungtex (Holdings) Co) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Tungtex (Holdings) 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. Tungtex (Holdings) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Tungtex (Holdings) Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Tungtex (Holdings) Co is progressively becoming less dependent on debt to grow their business.

Tungtex (Holdings) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tungtex (Holdings) 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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Tungtex (Holdings) Co LT-Debt-to-Total-Asset Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

Tungtex (Holdings) Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	-	-

Tungtex (Holdings) Co LT-Debt-to-Total-Asset Calculation

Tungtex (Holdings) Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.195	/	71.299
	=	0.00

Tungtex (Holdings) 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 )
	=	0.073	/	73.217
	=	0.00

Tungtex (Holdings) Co (OTCPK:TUGHF) 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.

Tungtex (Holdings) Co LT-Debt-to-Total-Asset Related Terms

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Tungtex (Holdings) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (OTCPK:TUGHF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

00518:Hong Kong

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.