Argo Yachts Development Co (ROCO:7566) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Argo Yachts Development 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. Argo Yachts Development Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.32.

Argo Yachts Development Co's long-term debt to total assets ratio increased from Dec. 2022 (0.31) to Dec. 2023 (0.32). It may suggest that Argo Yachts Development Co is progressively becoming more dependent on debt to grow their business.

Argo Yachts Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Argo Yachts Development 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.

* Premium members only.

Argo Yachts Development Co LT-Debt-to-Total-Asset Chart

Argo Yachts Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.39

0.43

0.38

0.31

0.32

Argo Yachts Development Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.38	0.38	0.31	0.32	0.32

Argo Yachts Development Co LT-Debt-to-Total-Asset Calculation

Argo Yachts Development 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 )
	=	1590.401	/	4985.672
	=	0.32

Argo Yachts Development Co'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 )
	=	1590.401	/	4985.672
	=	0.32

Argo Yachts Development Co (ROCO:7566) 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.

Argo Yachts Development Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Argo Yachts Development Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Argo Yachts Development Co (ROCO:7566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Argo Yachts Development Co Ltd (ROCO:7566) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 777, Sector 2, Xingang Road, Anping District, Tainan, TWN, 708

Website

https://www.argoyc.com

Argo Yachts Development Co Ltd is engaged in operation of membership yacht club to provide diversified services such as berth, escrow and maintenance.

Argo Yachts Development Co (ROCO:7566) Headlines

No Headlines