Phison Electronics (ROCO:8299) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Phison Electronics 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. Phison Electronics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Phison Electronics's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.08). It may suggest that Phison Electronics is progressively becoming more dependent on debt to grow their business.

Phison Electronics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phison Electronics'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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Phison Electronics LT-Debt-to-Total-Asset Chart

Phison Electronics Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.06

Phison Electronics 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															0.07	0.07	0.06	-	0.08

Phison Electronics LT-Debt-to-Total-Asset Calculation

Phison Electronics'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 )
	=	172.244	/	64962.524
	=	0.00

Phison Electronics'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 )
	=	5707.465	/	75752.619
	=	0.08

Phison Electronics (ROCO:8299) 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.

Phison Electronics LT-Debt-to-Total-Asset Related Terms

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Phison Electronics (ROCO:8299) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Phison Electronics Corp (ROCO:8299) » Definitions » LT-Debt-to-Total-Asset

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Address

Fuxing 1st Street, 10F-6, No.251, Zhubei City, Hsinchu County, TWN, 302

Website

https://www.phison.com

Phison Electronics Corp is a Taiwan-based company engaged in designing and manufacturing flash memory controllers and peripheral system applications. Its product portfolio includes Flash memory module products, Controllers, Integrated circuits, and Others. Geographically company has a presence in Asia, America, Europe, Australia, and Others in which key revenue is derived from Asia.

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