Taihan Fiberoptics Co (XKRX:010170) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Taihan Fiberoptics 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. Taihan Fiberoptics Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Taihan Fiberoptics Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.07). It may suggest that Taihan Fiberoptics Co is progressively becoming less dependent on debt to grow their business.

Taihan Fiberoptics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taihan Fiberoptics 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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Taihan Fiberoptics Co LT-Debt-to-Total-Asset Chart

Taihan Fiberoptics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.15

0.21

0.08

0.07

Taihan Fiberoptics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.07	0.07

Taihan Fiberoptics Co LT-Debt-to-Total-Asset Calculation

Taihan Fiberoptics 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 )
	=	15993.408	/	234801.809
	=	0.07

Taihan Fiberoptics 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 )
	=	14679.322	/	208854.998
	=	0.07

Taihan Fiberoptics Co (XKRX:010170) 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.

Taihan Fiberoptics Co LT-Debt-to-Total-Asset Related Terms

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Taihan Fiberoptics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taihan Fiberoptics Co Ltd (XKRX:010170) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

603-4, Seonggok-dong, Danwon-Gu, Ansan, Kyungki-do, KOR, 425-833

Website

http://www.tfo.co.kr

Taihan Fiberoptics Co Ltd is a South Korea based company engages in the manufacture and sale of optical fibers and optical cables.

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