Sung Gang (ROCO:6240) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Sung Gang 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. Sung Gang's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Sung Gang's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.17). It may suggest that Sung Gang is progressively becoming less dependent on debt to grow their business.

Sung Gang LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sung Gang'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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Sung Gang LT-Debt-to-Total-Asset Chart

Sung Gang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.26

0.23

0.17

Sung Gang 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															0.22	0.22	0.22	0.17	0.17

Sung Gang LT-Debt-to-Total-Asset Calculation

Sung Gang'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 )
	=	161.38	/	973.395
	=	0.17

Sung Gang'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 )
	=	157.342	/	948.66
	=	0.17

Sung Gang (ROCO:6240) 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.

Sung Gang LT-Debt-to-Total-Asset Related Terms

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Sung Gang (ROCO:6240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sung Gang Corp Ltd (ROCO:6240) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 50, Zhongxiao West Road, 100, 9th Floor, Section 1, Zhongzheng District, Taipei, TWN

Website

http://www.kingsinfo.com.tw

Sung Gang Corp Ltd publishes computer related books. The company is also involved in the wholesale of information software and leasing industry. Its products portfolio include Information technology books, Commercial software, Application software, and Computer skill test.

Sung Gang (ROCO:6240) Headlines

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