KGL (WAR:KGL) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is KGL 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. KGL's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

KGL's long-term debt to total assets ratio increased from Dec. 2022 (0.16) to Dec. 2023 (0.17). It may suggest that KGL is progressively becoming more dependent on debt to grow their business.

KGL LT-Debt-to-Total-Asset Historical Data

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

KGL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.29

0.14

0.16

0.17

KGL 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															0.16	0.15	0.16	0.17	0.17

KGL LT-Debt-to-Total-Asset Calculation

KGL'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 )
	=	59.074	/	349.739
	=	0.17

KGL'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 )
	=	59.074	/	349.739
	=	0.17

KGL (WAR:KGL) 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.

KGL LT-Debt-to-Total-Asset Related Terms

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KGL (WAR:KGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » KGL SA (WAR:KGL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ulica Postepu 20, Mosciska, Izabelin, POL, 05-080

Website

http://www.kgl.pl

KGL SA is a supplier of granules of thermoplastics and food packaging made of plastics, produced in thermoforming technology. The company's products include Styrene plastics, Polyolefins, Technical plastics, Special plastics, Elastomers, Dyes and modifiers and Plastic packaging.

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