LG Chem (XKRX:051910) Debt-to-Asset : 0.28 (As of Dec. 2023)

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What is LG Chem Debt-to-Asset?

LG Chem's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩7,077,782 Mil. LG Chem's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩14,850,332 Mil. LG Chem's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ₩77,466,694 Mil. LG Chem's debt to asset for the quarter that ended in Dec. 2023 was 0.28.

LG Chem Debt-to-Asset Historical Data

The historical data trend for LG Chem's Debt-to-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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LG Chem Debt-to-Asset Chart

LG Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.29

0.24

0.28

LG Chem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.24	0.25	0.27	0.28	0.28

Competitive Comparison of LG Chem's Debt-to-Asset

For the Chemicals subindustry, LG Chem's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LG Chem's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, LG Chem's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where LG Chem's Debt-to-Asset falls into.

LG Chem Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

LG Chem's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7077782	+	14850332)	/	77466694
	=	0.28

LG Chem's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7077782	+	14850332)	/	77466694
	=	0.28

LG Chem (XKRX:051910) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

LG Chem Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of LG Chem's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

LG Chem (XKRX:051910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LG Chem Ltd (XKRX:051910) » Definitions » Debt-to-Asset

Traded in Other Exchanges

051915:Korea

Address

LG Twin Towers, 128, Yeoui-daero, Youngdungpo-gu, Seoul, KOR, 150-721

Website

http://www.lgchem.com

LG Chem Ltd manufactures and sells a variety of chemicals, electronics, and energy storage products. The company operates in three major segments: Basic Materials & Chemicals, IT & Electronic Materials, and Energy Solutions. The Basic Materials & Chemicals segment, which generates the majority of revenue, sells plastics including naphtha, polyvinyl chloride (PVC), engineered plastics, and polyolefin, as well as rubber-based products. The IT & Electronic Materials segment sells a range of products that includes optical and circuit board materials. The Energy Solutions segment sells mobile and automotive batteries and energy storage systems. LG Corporation is the company's largest shareholder, owning around one third of outstanding shares. The majority of revenue comes from Asia.

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