Hanshin Construction Co (XKRX:004965.PFD) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Hanshin Construction 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. Hanshin Construction Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Hanshin Construction Co's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.21). It may suggest that Hanshin Construction Co is progressively becoming more dependent on debt to grow their business.

Hanshin Construction Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hanshin Construction 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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Hanshin Construction Co LT-Debt-to-Total-Asset Chart

Hanshin Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.12

0.22

0.23

0.19

Hanshin Construction 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															0.15	0.19	0.20	0.19	0.21

Hanshin Construction Co LT-Debt-to-Total-Asset Calculation

Hanshin Construction 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 )
	=	479456.001	/	2468946.95
	=	0.19

Hanshin Construction 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 )
	=	556327.549	/	2629614.663
	=	0.21

Hanshin Construction Co (XKRX:004965.PFD) 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.

Hanshin Construction Co LT-Debt-to-Total-Asset Related Terms

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Hanshin Construction Co (XKRX:004965.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hanshin Construction Co Ltd (XKRX:004965.PFD) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

004960:Korea

Address

15-1 Baegamri baegam-myeon, Cheoin-gu, Yong-in, Gyeonggi-do, KOR

Website

http://www.hanshinc.com

Hanshin Construction Co Ltd is a Korea-based company engaged in the construction works. The company's business area consists of civil works, electricity and plant, remodeling and overseas. It is into the construction of housings and apartments, office buildings, cultural facilities, such as shopping centers, sports centers, and hospitals. The company also provides civil works comprising highways, waterworks, water-purifiers, railways, subways, and bridges. Additionally, its electricity and plant business include transformer substation and electric railway lines. It also renders remodeling services in various fields such as constructions, buildings, and interiors.

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