Dongkuk Steel Mill Co spin off (XKRX:460860) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Dongkuk Steel Mill Co spin off 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. Dongkuk Steel Mill Co spin off's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Dongkuk Steel Mill Co spin off's long-term debt to total assets ratio increased from . 20 (0.00) to Mar. 2024 (0.03). It may suggest that Dongkuk Steel Mill Co spin off is progressively becoming more dependent on debt to grow their business.

Dongkuk Steel Mill Co spin off LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off LT-Debt-to-Total-Asset Chart

Dongkuk Steel Mill Co spin off Annual Data

Trend

Dec23

LT-Debt-to-Total-Asset

0.03

Dongkuk Steel Mill Co spin off Quarterly Data
	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	0.04	0.03	0.03	0.03

Dongkuk Steel Mill Co spin off LT-Debt-to-Total-Asset Calculation

Dongkuk Steel Mill Co spin off'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 )
	=	104118.604	/	3531787.086
	=	0.03

Dongkuk Steel Mill Co spin off'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 )
	=	97004.23	/	3371925.875
	=	0.03

Dongkuk Steel Mill Co spin off (XKRX:460860) 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.

Dongkuk Steel Mill Co spin off LT-Debt-to-Total-Asset Related Terms

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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd spin off (XKRX:460860) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuk.com

Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

Dongkuk Steel Mill Co spin off (XKRX:460860) Headlines

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