Kyungdong City Gas Co (XKRX:267290) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Kyungdong City Gas 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. Kyungdong City Gas Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Kyungdong City Gas Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Kyungdong City Gas Co is progressively becoming less dependent on debt to grow their business.

Kyungdong City Gas Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kyungdong City Gas 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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Kyungdong City Gas Co LT-Debt-to-Total-Asset Chart

Kyungdong City Gas Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

Kyungdong City Gas 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															0.02	0.02	0.02	0.02	0.02

Kyungdong City Gas Co LT-Debt-to-Total-Asset Calculation

Kyungdong City Gas 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 )
	=	16380.04	/	951329.118
	=	0.02

Kyungdong City Gas 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 )
	=	16036.801	/	936670.326
	=	0.02

Kyungdong City Gas Co (XKRX:267290) 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.

Kyungdong City Gas Co LT-Debt-to-Total-Asset Related Terms

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Kyungdong City Gas Co (XKRX:267290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Kyungdong City Gas Co Ltd (XKRX:267290) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

260-10, Jongjang-dong, Buk-gu, Ulsan Metropolitan City, KOR

Website

http://www.kdgas.co.kr

Kyungdong City Gas Co Ltd is engaged in gas manufacturing and piping supply business.

Kyungdong City Gas Co (XKRX:267290) Headlines

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