Taiwan Cement (TPE:1101) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Taiwan Cement 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. Taiwan Cement's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Taiwan Cement's long-term debt to total assets ratio increased from Mar. 2023 (0.26) to Mar. 2024 (0.26). It may suggest that Taiwan Cement is progressively becoming more dependent on debt to grow their business.

Taiwan Cement LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiwan Cement'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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Taiwan Cement LT-Debt-to-Total-Asset Chart

Taiwan Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.21

0.23

0.26

Taiwan Cement 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															0.26	0.22	0.22	0.26	0.26

Taiwan Cement LT-Debt-to-Total-Asset Calculation

Taiwan Cement'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 )
	=	122901.35	/	469438.522
	=	0.26

Taiwan Cement'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 )
	=	150028.105	/	567986.963
	=	0.26

Taiwan Cement (TPE:1101) 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.

Taiwan Cement LT-Debt-to-Total-Asset Related Terms

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Taiwan Cement (TPE:1101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiwan Cement Corp (TPE:1101) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1101B.PFD:Taiwan

Address

No.113, Zhongshan North Road, Section 2, Taipei, TWN, 104

Website

https://www.taiwancement.com

Taiwan Cement Corp operates in three primary segments: cement, Electricity and energy segment and Other segments. The cement segment involves production, processing and sale of cement goods. The Electricity and energy segment is engaged in power generation, energy storage and power business. The other segment includes land and marine transportation, production and sale of refractory materials, and others. The majority of revenue comes from Asia and Taiwan.

Taiwan Cement (TPE:1101) Headlines

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