Danang Rubber JSC (STC:DRC) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Danang Rubber JSC 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. Danang Rubber JSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Danang Rubber JSC's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.03). It may suggest that Danang Rubber JSC is progressively becoming more dependent on debt to grow their business.

Danang Rubber JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Danang Rubber JSC'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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Danang Rubber JSC LT-Debt-to-Total-Asset Chart

Danang Rubber JSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.03

Danang Rubber JSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.03	0.03

Danang Rubber JSC LT-Debt-to-Total-Asset Calculation

Danang Rubber JSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	132821.86	/	4200077.503
	=	0.03

Danang Rubber JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	132821.86	/	4200077.503
	=	0.03

Danang Rubber JSC (STC:DRC) 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.

Danang Rubber JSC LT-Debt-to-Total-Asset Related Terms

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Danang Rubber JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Danang Rubber JSC (STC:DRC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Le Van Hien Street, Khue My Ward, Ngu Hanh Son District, Da Nang, VNM

Website

http://www.drc.com.vn

Danang Rubber JSC is engaged in the manufacture and sale of tire products in Vietnam. Its products include motorcycle tires, bicycle tires, truck tires, light truck tires, agricultural tires, radial tires, tubes, flaps, and technical rubber products.

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