Resonac Holdings (Resonac Holdings) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2023)

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What is Resonac Holdings 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. Resonac Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.43.

Resonac Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.45) to Dec. 2023 (0.43). It may suggest that Resonac Holdings is progressively becoming less dependent on debt to grow their business.

Resonac Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Resonac Holdings'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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Resonac Holdings LT-Debt-to-Total-Asset Chart

Resonac Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.41

0.32

0.45

0.43

Resonac Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.46	0.46	0.45	0.43

Resonac Holdings LT-Debt-to-Total-Asset Calculation

Resonac Holdings'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 )
	=	6083.004	/	14112.598
	=	0.43

Resonac Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	6083.004	/	14112.598
	=	0.43

Resonac Holdings (OTCPK:SHWDY) 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.

Resonac Holdings LT-Debt-to-Total-Asset Related Terms

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Resonac Holdings (Resonac Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Resonac Holdings Corp (OTCPK:SHWDY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SHWDF:USA 4004:Japan SWD:Germany

Address

1-13-9 Shibadaimon, Minato-ku, Tokyo, JPN, 105-8518

Website

https://www.resonac.com

Resonac Holdings Corp manufactures and sells chemicals, aluminum, and electronics. The firm organizes itself into four segments, which are the Semiconductor and Electronic materials segment, the Mobility segment, the Chemicals segment, and the Innovations Enabling segment. Geographically the company derives sales from Japan, China, Asia excluding Japan and China, and the rest of the world. The majority of sales are derived from Japan.