Korshynov Mining Plant PJSC (MIC:KOGK) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Korshynov Mining Plant PJSC 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. Korshynov Mining Plant PJSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Korshynov Mining Plant PJSC's long-term debt to total assets ratio declined from Mar. 2022 (0.02) to Sep. 2023 (0.01). It may suggest that Korshynov Mining Plant PJSC is progressively becoming less dependent on debt to grow their business.

Korshynov Mining Plant PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Korshynov Mining Plant PJSC'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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Korshynov Mining Plant PJSC LT-Debt-to-Total-Asset Chart

Korshynov Mining Plant PJSC Annual Data

Trend

Dec12

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Dec21

LT-Debt-to-Total-Asset

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0.01

Korshynov Mining Plant PJSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.01	0.02	0.01

Korshynov Mining Plant PJSC LT-Debt-to-Total-Asset Calculation

Korshynov Mining Plant PJSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	35.315	/	54454.648
	=	0.00

Korshynov Mining Plant PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	924.803	/	69480.215
	=	0.01

Korshynov Mining Plant PJSC (MIC:KOGK) 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.

Korshynov Mining Plant PJSC LT-Debt-to-Total-Asset Related Terms

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Korshynov Mining Plant PJSC (MIC:KOGK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Korshynov Mining Plant PJSC (MIC:KOGK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ivashchenko 9A/1, Zheleznovorsk, Nizhneilimsky Region, Irkutsk, RUS, 665651

Website

http://www.korgok.com

Korshynov Mining Plant PJSC is engaged in iron ore mining and processing in Russia.

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