Taiwan Styrene Monomer (TPE:1310) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Taiwan Styrene Monomer 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. Taiwan Styrene Monomer's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Taiwan Styrene Monomer's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Taiwan Styrene Monomer is progressively becoming less dependent on debt to grow their business.

Taiwan Styrene Monomer LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiwan Styrene Monomer'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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Taiwan Styrene Monomer LT-Debt-to-Total-Asset Chart

Taiwan Styrene Monomer Annual Data

Trend

Dec14

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Dec18

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Taiwan Styrene Monomer 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															0.01	0.01	0.01	0.01	0.01

Taiwan Styrene Monomer LT-Debt-to-Total-Asset Calculation

Taiwan Styrene Monomer'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 )
	=	64.095	/	9763.204
	=	0.01

Taiwan Styrene Monomer'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 )
	=	60.705	/	9472.522
	=	0.01

Taiwan Styrene Monomer (TPE:1310) 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.

Taiwan Styrene Monomer LT-Debt-to-Total-Asset Related Terms

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Taiwan Styrene Monomer (TPE:1310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Styrene Monomer Corp (TPE:1310) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Roosevelt Road, Sec. 1, 8th-1 Floor, Taipei, TWN

Website

https://www.smct.com.tw

Taiwan Styrene Monomer Corp is engaged in the manufacturing and distribution of styrene monomer and related products. The company also offers toluene that is used as an organic solvent and para-diethyl benzene, which is used as the solvent of polystyrene. The company's main customers for the polystyrene are ABS resin and synthetic rubber manufacturers. Its products are generally used in electrical appliances, machinery, electronics, automotive, packaging and other industries.

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