FENG HSIN STEEL CO (TPE:2015) Debt-to-Asset : 0.07 (As of Mar. 2024)

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What is FENG HSIN STEEL CO Debt-to-Asset?

FENG HSIN STEEL CO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,553 Mil. FENG HSIN STEEL CO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$363 Mil. FENG HSIN STEEL CO's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NT$27,110 Mil. FENG HSIN STEEL CO's debt to asset for the quarter that ended in Mar. 2024 was 0.07.

FENG HSIN STEEL CO Debt-to-Asset Historical Data

The historical data trend for FENG HSIN STEEL 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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FENG HSIN STEEL CO Debt-to-Asset Chart

FENG HSIN STEEL CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.03

0.02

0.04

0.05

0.09

FENG HSIN STEEL 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															0.04	0.11	0.10	0.09	0.07

Competitive Comparison of FENG HSIN STEEL CO's Debt-to-Asset

For the Steel subindustry, FENG HSIN STEEL 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.

FENG HSIN STEEL CO's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, FENG HSIN STEEL CO's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where FENG HSIN STEEL CO's Debt-to-Asset falls into.

FENG HSIN STEEL CO Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

FENG HSIN STEEL 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
	=	(1998.745	+	372.42)	/	27047.344
	=	0.09

FENG HSIN STEEL 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
	=	(1552.808	+	363.498)	/	27109.627
	=	0.07

FENG HSIN STEEL CO (TPE:2015) 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.

FENG HSIN STEEL CO Debt-to-Asset Related Terms

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FENG HSIN STEEL CO (TPE:2015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » FENG HSIN STEEL CO LTD (TPE:2015) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421

Website

https://www.fenghsin.com.tw

FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

FENG HSIN STEEL CO (TPE:2015) Headlines

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