Mirae Asset Securities Co., (XKRX:006805) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Mirae Asset Securities 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. Mirae Asset Securities Co.,'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Mirae Asset Securities Co.,'s long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.24). It may suggest that Mirae Asset Securities Co., is progressively becoming less dependent on debt to grow their business.

Mirae Asset Securities Co., LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mirae Asset Securities 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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Mirae Asset Securities Co., LT-Debt-to-Total-Asset Chart

Mirae Asset Securities Co., Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.16

0.22

0.26

0.25

Mirae Asset Securities 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															0.25	0.24	0.25	0.25	0.24

Mirae Asset Securities Co., LT-Debt-to-Total-Asset Calculation

Mirae Asset Securities 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 )
	=	31522158.794	/	128177312.091
	=	0.25

Mirae Asset Securities 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 )
	=	33292653.804	/	136541546.186
	=	0.24

Mirae Asset Securities Co., (XKRX:006805) 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.

Mirae Asset Securities Co., LT-Debt-to-Total-Asset Related Terms

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Mirae Asset Securities Co., (XKRX:006805) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mirae Asset Securities Co., Ltd. (XKRX:006805) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

00680K:Korea 006800:Korea

Address

Mirae Asset Centre Building, East Tower, 26, Euljiro 5 gil, Jung-gu, Seoul, KOR, 100-210

Website

https://www.miraeasset.com

Mirae Asset Securities Co., Ltd. is a South Korean financial service provider for individual and corporate customers. The company's services include securities trading, retail and wholesale brokerage, underwriting, dealing, investment advisory, asset management, international corporate finance, investment banking, and trading of fixed-income securities and derivatives. The company's financial products include stocks, futures, options, government bonds, corporate bonds, foreign exchanges, and financial derivatives.

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