Prosperity Dielectrics Co (ROCO:6173) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Prosperity Dielectrics 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. Prosperity Dielectrics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Prosperity Dielectrics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.02). It may suggest that Prosperity Dielectrics Co is progressively becoming less dependent on debt to grow their business.

Prosperity Dielectrics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prosperity Dielectrics 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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Prosperity Dielectrics Co LT-Debt-to-Total-Asset Chart

Prosperity Dielectrics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.12

0.10

0.07

0.02

Prosperity Dielectrics 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															0.06	0.05	0.03	0.02	0.02

Prosperity Dielectrics Co LT-Debt-to-Total-Asset Calculation

Prosperity Dielectrics 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 )
	=	188.868	/	8508.23
	=	0.02

Prosperity Dielectrics 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 )
	=	144.004	/	8690.798
	=	0.02

Prosperity Dielectrics Co (ROCO:6173) 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.

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Prosperity Dielectrics Co (ROCO:6173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Prosperity Dielectrics Co Ltd (ROCO:6173) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Section 2, Nanshan Road, No.220-1 , Lujhu District, Taoyuan, TWN, 33860

Website

http://www.pdc.com.tw

Prosperity Dielectrics Co Ltd is a manufacturer and exporter of ceramic dielectric powders and multilayer ceramic chip capacitors in Taiwan. It is engaged in the manufacture and sale of specific application electronic ceramic products. It's product portfolio consist of mutilayer ceramic capacitors; chip resistors; ceramic dielectrical powder, Wafer capacitance, chip resistance, dielectric porcelain powder, semi-conductive ceramic, coil and inductor.

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