MagnaChip Semiconductor (MagnaChip Semiconductor) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is MagnaChip Semiconductor 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. MagnaChip Semiconductor's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

MagnaChip Semiconductor's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that MagnaChip Semiconductor is progressively becoming less dependent on debt to grow their business.

MagnaChip Semiconductor LT-Debt-to-Total-Asset Historical Data

The historical data trend for MagnaChip Semiconductor'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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MagnaChip Semiconductor LT-Debt-to-Total-Asset Chart

MagnaChip Semiconductor Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.01

MagnaChip Semiconductor 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															0.01	0.01	0.01	0.01	0.01

MagnaChip Semiconductor LT-Debt-to-Total-Asset Calculation

MagnaChip Semiconductor'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 )
	=	2.897	/	420.491
	=	0.01

MagnaChip Semiconductor'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 )
	=	2.897	/	420.491
	=	0.01

MagnaChip Semiconductor (NYSE:MX) 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.

MagnaChip Semiconductor LT-Debt-to-Total-Asset Related Terms

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MagnaChip Semiconductor (MagnaChip Semiconductor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MagnaChip Semiconductor Corp (NYSE:MX) » Definitions » LT-Debt-to-Total-Asset

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Address

76 Jikji-daero 436beon-gil, Heungdeok-gu, 15th Floor, Chungcheongbuk-do, Cheongju-si, KOR, 28581

Website

http://www.magnachip.com

MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business.

Executives

Camillo Martino	director	60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113
Young-joon Kim	director, officer: See Remarks	C/O MAGNACHIP SEMICONDUCTOR CORPORATION, 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014
Woung Moo Lee	officer: See Remarks	C/O MAGNACHIP SEMICONDUCTOR, INC., 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113
Theodore S Kim	officer: See Remarks	C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BLVD., SUITE 370, CUPERTINO CA 95014
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Brigade Leveraged Capital Structures Fund Ltd.	10 percent owner	ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Ilbok Lee	director	C/O MAGNACHIP SEMICONDUCTOR, INC, 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014
Kyo-hwa Liz Chung	director	C/O MAGNACHIP SEMICONDUCTOR CORPORATION, 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113
Chan Ho Park	officer: See Remarks	60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113
Young Soo Woo	officer: See Remarks	60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113
Shin Young Park	officer: See Remarks	60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113
Randal T Klein	director	C/O AVENUE CAPITAL MANAGEMENT II, L.P., 535 MADISON AVENUE, NEW YORK NY 10022
Melvin L Keating	director	18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Tavakoli Nader	director	551 FIFTH AVE 334TH FL, NEW YORK NY 10176
Jonathan W Kim	officer: See Remarks	C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BLVD., SUITE 370, CUPERTINO CA 95014