TPC Mechatronics (XKRX:048770) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is TPC Mechatronics 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. TPC Mechatronics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

TPC Mechatronics's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.01). It may suggest that TPC Mechatronics is progressively becoming less dependent on debt to grow their business.

TPC Mechatronics LT-Debt-to-Total-Asset Historical Data

The historical data trend for TPC Mechatronics'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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TPC Mechatronics LT-Debt-to-Total-Asset Chart

TPC Mechatronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.05

0.04

0.03

TPC Mechatronics 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															0.03	0.03	-	-	0.01

TPC Mechatronics LT-Debt-to-Total-Asset Calculation

TPC Mechatronics'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 )
	=	2804.319	/	114146.715
	=	0.02

TPC Mechatronics'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 )
	=	529.545	/	113471.51
	=	0.00

TPC Mechatronics (XKRX:048770) 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.

TPC Mechatronics LT-Debt-to-Total-Asset Related Terms

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TPC Mechatronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPC Mechatronics Corp (XKRX:048770) » Definitions » LT-Debt-to-Total-Asset

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Address

111-84, Hwagok-dong, Gangseo-gu, Seoul, KOR, 157-010

Website

http://www.TPCpage.com

TPC Mechatronics Corp manufactures and sells pneumatic equipment in South Korea. The company's pneumatic products include actuators, directional control valves, air preparation units, fitting and speed controllers, vacuum equipment, and hydraulic cylinders, as well as silencers, poly urethane tubes, floating joints, auto and pressure switches, rotary joints, and digital pressure sensors. It also offers collaborative robots for use in loading/unloading CNC machines, metal fabrication, molding operations, packaging, PCB handling and ICT, and test and inspection applications; and motion solutions, such as Cartesian robots, electric cylinders, linear motors, linear stages, servo motors, LM systems, and micro stage products, as well as 3D printers.

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