HD Hyundai Electric (XKRX:267260) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is HD Hyundai Electric 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. HD Hyundai Electric's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

HD Hyundai Electric's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.08). It may suggest that HD Hyundai Electric is progressively becoming more dependent on debt to grow their business.

HD Hyundai Electric LT-Debt-to-Total-Asset Historical Data

The historical data trend for HD Hyundai Electric'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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HD Hyundai Electric LT-Debt-to-Total-Asset Chart

HD Hyundai Electric Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.12

0.06

0.10

HD Hyundai Electric 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															0.07	0.13	0.11	0.10	0.08

HD Hyundai Electric LT-Debt-to-Total-Asset Calculation

HD Hyundai Electric'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 )
	=	290765.257	/	2910160.078
	=	0.10

HD Hyundai Electric'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 )
	=	258916.229	/	3124840.871
	=	0.08

HD Hyundai Electric (XKRX:267260) 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.

HD Hyundai Electric LT-Debt-to-Total-Asset Related Terms

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HD Hyundai Electric (XKRX:267260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HD Hyundai Electric (XKRX:267260) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

477, Bundang Suseo-ro, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR

Website

https://www.hd-hyundaielectric.com

HD Hyundai Electric is a manufacturer and supplier of electronic equipment and energy solutions for all phase of the world's power supply.

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