SK Gas Co (SK Gas Co) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is SK Gas 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. SK Gas Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

SK Gas Co's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.30). It may suggest that SK Gas Co is progressively becoming more dependent on debt to grow their business.

SK Gas Co LT-Debt-to-Total-Asset Historical Data

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

SK Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.26

0.27

0.28

0.31

SK Gas 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															0.29	0.32	0.32	0.31	0.30

SK Gas Co LT-Debt-to-Total-Asset Calculation

SK Gas 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 )
	=	1451.067	/	4662.555
	=	0.31

SK Gas 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 )
	=	1476.702	/	4865.977
	=	0.30

SK Gas Co (OTCPK:SGSCF) 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.

SK Gas Co LT-Debt-to-Total-Asset Related Terms

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SK Gas Co (SK Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SK Gas Co Ltd (OTCPK:SGSCF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

018670:Korea

Address

SK G.Plant, 100 Euljiro, Jung-gu, Seoul, KOR

Website

http://www.skgas.co.kr

SK Gas Co Ltd supplies and distributes liquefied petroleum gas In Korea and internationally. The company is involved in Liquefied petroleum gas marketing and trading business, Liquefied petroleum gas import terminal and tank terminal business and propane de-hydrogenation business. The company mainly operates in Korea, China, Singapore, U.S.A and UAE.

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