Namyang Dairy Products Co (XKRX:003920) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Namyang Dairy Products 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. Namyang Dairy Products Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Namyang Dairy Products Co's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.01). It may suggest that Namyang Dairy Products Co is progressively becoming less dependent on debt to grow their business.

Namyang Dairy Products Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Namyang Dairy Products 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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Namyang Dairy Products Co LT-Debt-to-Total-Asset Chart

Namyang Dairy Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

Namyang Dairy Products Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

Namyang Dairy Products Co LT-Debt-to-Total-Asset Calculation

Namyang Dairy Products 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 )
	=	10560.772	/	790678.468
	=	0.01

Namyang Dairy Products Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	9164.597	/	767228.342
	=	0.01

Namyang Dairy Products Co (XKRX:003920) 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.

Namyang Dairy Products Co LT-Debt-to-Total-Asset Related Terms

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Namyang Dairy Products Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namyang Dairy Products Co Ltd (XKRX:003920) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

003925:Korea

Address

240, Dosan-daero, 1964 Building, Gangnam-gu, Seoul, KOR

Website

http://www.namyangi.com

Namyang Dairy Products Co Ltd is a Korean company which is engaged in manufacturing dairy products. Its products include the infant formula, special infant formula, weaning diet, milk, yogurt, cheese, soybean milk, french cafe, beverage, tea, and ketonica. The company' s product brands are Imperial Dream XO, I am Mother, Star Science, Star Gold, Organic, Ai ZhiBao, Xing BeiEr, MingdaoXiu, Namyang Shanyang Rufen and others.

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