Hotai Motor Co (TPE:2207) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Hotai Motor 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. Hotai Motor Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Hotai Motor Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Hotai Motor Co is progressively becoming less dependent on debt to grow their business.

Hotai Motor Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hotai Motor 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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Hotai Motor Co LT-Debt-to-Total-Asset Chart

Hotai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.04

0.05

Hotai Motor Co 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															0.03	0.03	0.03	0.05	0.03

Hotai Motor Co LT-Debt-to-Total-Asset Calculation

Hotai Motor 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 )
	=	22178.941	/	485880.35
	=	0.05

Hotai Motor Co'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 )
	=	13232.632	/	496100.377
	=	0.03

Hotai Motor Co (TPE:2207) 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.

Hotai Motor Co LT-Debt-to-Total-Asset Related Terms

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Hotai Motor Co (TPE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN

Website

https://www.hotaimotor.com.tw

Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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