Ho Tung Chemical (TPE:1714) Debt-to-Asset : 0.14 (As of Mar. 2024)

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What is Ho Tung Chemical Debt-to-Asset?

Ho Tung Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$919 Mil. Ho Tung Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,264 Mil. Ho Tung Chemical's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$23,481 Mil. Ho Tung Chemical's debt to asset for the quarter that ended in Mar. 2024 was 0.14.

Ho Tung Chemical Debt-to-Asset Historical Data

The historical data trend for Ho Tung Chemical'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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Ho Tung Chemical Debt-to-Asset Chart

Ho Tung Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.16

0.13

Ho Tung Chemical 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															0.13	0.14	0.13	0.13	0.14

Competitive Comparison of Ho Tung Chemical's Debt-to-Asset

For the Chemicals subindustry, Ho Tung Chemical'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.

Ho Tung Chemical's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ho Tung Chemical's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ho Tung Chemical's Debt-to-Asset falls into.

Ho Tung Chemical Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ho Tung Chemical'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
	=	(527.09	+	2420.015)	/	22601.231
	=	0.13

Ho Tung Chemical'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
	=	(918.811	+	2264.341)	/	23480.627
	=	0.14

Ho Tung Chemical (TPE:1714) 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.

Ho Tung Chemical Debt-to-Asset Related Terms

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Ho Tung Chemical (TPE:1714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ho Tung Chemical Corp (TPE:1714) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Zhugong 2nd Lane, Zhuhouli, Renwu District, Kaohsiung, TWN

Website

https://www.htgroup.com.tw

Ho Tung Chemical Corp is a chemical product manufacturer. It is focused on the business of chemicals, oil, investment, cement, and construction business. The company's key products comprise paraffin, Linear Alkylbenzene, Anionic Surfactants, Cationic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants, Solvents, and others.

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