Cape Industries (XKRX:064820) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Cape Industries 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. Cape Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Cape Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.04). It may suggest that Cape Industries is progressively becoming less dependent on debt to grow their business.

Cape Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cape Industries'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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Cape Industries LT-Debt-to-Total-Asset Chart

Cape Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.01

0.04

Cape Industries 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															0.04	0.03	0.03	0.04	0.04

Cape Industries LT-Debt-to-Total-Asset Calculation

Cape Industries'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 )
	=	89582.996	/	2240973.813
	=	0.04

Cape Industries'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 )
	=	89582.996	/	2240973.813
	=	0.04

Cape Industries (XKRX:064820) 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.

Cape Industries LT-Debt-to-Total-Asset Related Terms

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Cape Industries (XKRX:064820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cape Industries Ltd (XKRX:064820) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

910-29 Soto-Ri, Sangbook-Myun, Yangsan City, KOR, 626-856

Website

http://www.cape.co.kr

Cape Industries Ltd is engaged in manufacturing and supplying cylinder liners for ship owners and engine builders in South Korea and internationally. The company offers cylinder liner for use in main engines.

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