Yeong Guan Energy Technology Group Co (TPE:1589) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is Yeong Guan Energy Technology Group 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. Yeong Guan Energy Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

Yeong Guan Energy Technology Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.28) to Mar. 2024 (0.36). It may suggest that Yeong Guan Energy Technology Group Co is progressively becoming more dependent on debt to grow their business.

Yeong Guan Energy Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yeong Guan Energy Technology Group 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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Yeong Guan Energy Technology Group Co LT-Debt-to-Total-Asset Chart

Yeong Guan Energy Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.24

0.23

0.24

0.36

Yeong Guan Energy Technology Group 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															0.28	0.27	0.35	0.36	0.36

Yeong Guan Energy Technology Group Co LT-Debt-to-Total-Asset Calculation

Yeong Guan Energy Technology Group 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 )
	=	8970.309	/	25076.506
	=	0.36

Yeong Guan Energy Technology Group 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 )
	=	8958.671	/	24890.203
	=	0.36

Yeong Guan Energy Technology Group Co (TPE:1589) 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.

Yeong Guan Energy Technology Group Co LT-Debt-to-Total-Asset Related Terms

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Yeong Guan Energy Technology Group Co (TPE:1589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yeong Guan Energy Technology Group Co Ltd (TPE:1589) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Cricket Square, Hutchins Drive, Po Box 2681, Grand Cayman, CYM, KY1-1111

Website

http://www.ygget.com

Yeong Guan Energy Technology Group Co Ltd manufactures a variety of castings, casings, heavy equipment, and components for industrial and energy markets. It serves the wind and thermal power generation markets by constructing components to withstand volatile environments and support advanced systems. The company's products and molding machines help fit and connect large structures and provide a sturdy base for moving apparatuses. Yeong Guan's product portfolio consists of forging machines, hydraulic presses, cranes, equipment beds, rolling mills, air compressors, and mining machinery. In addition, the company manufactures medical equipment to treat cancer cells and apply radiation.

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