Great New wave Coming Co (XKRX:065060) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Great New wave Coming 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. Great New wave Coming Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Great New wave Coming Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.11). It may suggest that Great New wave Coming Co is progressively becoming more dependent on debt to grow their business.

Great New wave Coming Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Great New wave Coming 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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Great New wave Coming Co LT-Debt-to-Total-Asset Chart

Great New wave Coming Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.12

0.10

Great New wave Coming 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															0.02	0.01	0.02	0.10	0.11

Great New wave Coming Co LT-Debt-to-Total-Asset Calculation

Great New wave Coming 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 )
	=	23630.882	/	235816.068
	=	0.10

Great New wave Coming 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 )
	=	24199.724	/	230896.854
	=	0.10

Great New wave Coming Co (XKRX:065060) 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.

Great New wave Coming Co LT-Debt-to-Total-Asset Related Terms

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Great New wave Coming Co (XKRX:065060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Great New wave Coming Co Ltd (XKRX:065060) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

GNCO Bldg. 38 Munjeong-dong, Songpa-gu, Seoul, KOR, 138-279

Website

http://www.gnco.co.kr

Great New wave Coming Co Ltd is a fashion company engaged in manufacturing and selling of various kinds of casual outfits, menswear, and womenswear. The company offers different range of products under brand name such as Thursday Island, T.I. FOR MEN, ELOQ, Loudmut, and Phenom.

Great New wave Coming Co (XKRX:065060) Headlines

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