Taiwan High Speed Rail (TPE:2633) LT-Debt-to-Total-Asset : 0.55 (As of Dec. 2023)

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What is Taiwan High Speed Rail 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 High Speed Rail's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.55.

Taiwan High Speed Rail's long-term debt to total assets ratio declined from Dec. 2022 (0.61) to Dec. 2023 (0.55). It may suggest that Taiwan High Speed Rail is progressively becoming less dependent on debt to grow their business.

Taiwan High Speed Rail LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiwan High Speed Rail'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 High Speed Rail LT-Debt-to-Total-Asset Chart

Taiwan High Speed Rail Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.64

0.65

0.63

0.61

0.55

Taiwan High Speed Rail Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.61	0.58	0.60	0.58	0.55

Taiwan High Speed Rail LT-Debt-to-Total-Asset Calculation

Taiwan High Speed Rail'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 )
	=	222609.517	/	402704.229
	=	0.55

Taiwan High Speed Rail's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	222609.517	/	402704.229
	=	0.55

Taiwan High Speed Rail (TPE:2633) 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 High Speed Rail LT-Debt-to-Total-Asset Related Terms

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Taiwan High Speed Rail (TPE:2633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan High Speed Rail Corp (TPE:2633) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Jingmao 2nd Road, 13th Floor, Nangang District, Taipei, TWN, 11568

Website

https://www.thsrc.com.tw

Taiwan High Speed Rail Corp is principally engaged in the operation of the high-speed railway system in Taiwan. It generates revenue in the form of railroad transportation revenue.

Taiwan High Speed Rail (TPE:2633) Headlines

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