Lotte Chemical Pakistan (KAR:LOTCHEM) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Lotte Chemical Pakistan 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. Lotte Chemical Pakistan's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Lotte Chemical Pakistan's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.02). It may suggest that Lotte Chemical Pakistan is progressively becoming less dependent on debt to grow their business.

Lotte Chemical Pakistan LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lotte Chemical Pakistan'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.

* Premium members only.

Lotte Chemical Pakistan LT-Debt-to-Total-Asset Chart

Lotte Chemical Pakistan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.05

0.04

0.02

Lotte Chemical Pakistan 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															0.04	0.04	0.04	0.02	0.02

Lotte Chemical Pakistan LT-Debt-to-Total-Asset Calculation

Lotte Chemical Pakistan'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 )
	=	855.927	/	43575.743
	=	0.02

Lotte Chemical Pakistan'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 )
	=	729.367	/	47332.407
	=	0.02

Lotte Chemical Pakistan (KAR:LOTCHEM) 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.

Lotte Chemical Pakistan LT-Debt-to-Total-Asset Related Terms

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

Lotte Chemical Pakistan (KAR:LOTCHEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Pakistan Ltd (KAR:LOTCHEM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

EZ/1/P-4, Eastern Industrial Zone, P.O. Box 723, Port Qasim, Karachi, SD, PAK, 74200

Website

https://www.lottechem.pk

Lotte Chemical Pakistan Ltd is a Pakistan-based manufacturer and supplier of Purified Terephthalic Acid (PTA). The business activity of the firm is operated through the manufacture and sale of chemicals segments. The organization supplies products to the textile, domestic polyester, and polyethylene terephthalate packaging industries.

Lotte Chemical Pakistan (KAR:LOTCHEM) Headlines

No Headlines