Prince Housing & Development (TPE:2511) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Prince Housing & Development 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. Prince Housing & Development's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Prince Housing & Development's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.31). It may suggest that Prince Housing & Development is progressively becoming more dependent on debt to grow their business.

Prince Housing & Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prince Housing & Development'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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Prince Housing & Development LT-Debt-to-Total-Asset Chart

Prince Housing & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.38

0.28

0.20

0.31

Prince Housing & Development 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															0.20	0.25	0.25	0.31	0.31

Prince Housing & Development LT-Debt-to-Total-Asset Calculation

Prince Housing & Development'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 )
	=	14193.358	/	46250.852
	=	0.31

Prince Housing & Development'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 )
	=	14133.468	/	45868.477
	=	0.31

Prince Housing & Development (TPE:2511) 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.

Prince Housing & Development LT-Debt-to-Total-Asset Related Terms

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Prince Housing & Development (TPE:2511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prince Housing & Development Corp (TPE:2511) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 398, Zhonghua East Road, 8th Floor, Sector 1, East District, Tainan, TWN, 701

Website

https://www.prince.com.tw

Prince Housing & Development Corp is a Taiwan-based real estate developer and builder with its principal business in construction, leasing, and sale of public housing, commercial buildings, recreation places, hotels, industrial parks, indoor sports, and parking lots, and leasing and sale of real estate.

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