Hotai Finance Co (TPE:6592) Debt-to-Asset : 0.84 (As of Mar. 2024)

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What is Hotai Finance Co Debt-to-Asset?

Hotai Finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$265,993 Mil. Hotai Finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,765 Mil. Hotai Finance Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$320,676 Mil. Hotai Finance Co's debt to asset for the quarter that ended in Mar. 2024 was 0.83.

Hotai Finance Co Debt-to-Asset Historical Data

The historical data trend for Hotai Finance Co's Debt-to-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 Finance Co Debt-to-Asset Chart

Hotai Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.75

0.81

0.83

0.84

Hotai Finance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.83	0.84	0.83	0.84	0.84

Competitive Comparison of Hotai Finance Co's Debt-to-Asset

For the Credit Services subindustry, Hotai Finance Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hotai Finance Co's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Hotai Finance Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Hotai Finance Co's Debt-to-Asset falls into.

Hotai Finance Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hotai Finance Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(259606.026	+	1290.541)	/	312139.712
	=	0.84

Hotai Finance Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(265993.127	+	1764.626)	/	320675.932
	=	0.83

Hotai Finance Co (TPE:6592) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Hotai Finance Co Debt-to-Asset Related Terms

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Hotai Finance Co (TPE:6592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hotai Finance Co Ltd (TPE:6592) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.hfcfinance.com.tw

Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle and scooter, and others. Geographically, the firm operates in China and Taiwan. It generates a most of revenue from interest income.

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