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Lat Co (XKRX:311060) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)


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What is Lat 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. Lat Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Lat Co's long-term debt to total assets ratio declined from Dec. 2021 (0.31) to Dec. 2023 (0.24). It may suggest that Lat Co is progressively becoming less dependent on debt to grow their business.


Lat Co LT-Debt-to-Total-Asset Historical Data

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

Lat Co Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.31 0.27 0.24

Lat Co Semi-Annual Data
Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset 0.31 0.27 0.24

Lat Co LT-Debt-to-Total-Asset Calculation

Lat 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 )
=8010.878/33261.153
=0.24

Lat Co'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 )
=8010.878/33261.153
=0.24

* 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.


Lat Co  (XKRX:311060) 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.


Lat Co LT-Debt-to-Total-Asset Related Terms

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Lat Co (XKRX:311060) Business Description

Traded in Other Exchanges
N/A
Address
766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643
Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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