Hitejinro Co (XKRX:000087) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Hitejinro 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. Hitejinro Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Hitejinro Co's long-term debt to total assets ratio declined from Dec. 2022 (0.15) to Dec. 2023 (0.13). It may suggest that Hitejinro Co is progressively becoming less dependent on debt to grow their business.

Hitejinro Co LT-Debt-to-Total-Asset Historical Data

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

Hitejinro Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.17

0.14

0.15

0.13

Hitejinro Co 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															0.15	0.11	0.11	0.13	0.13

Hitejinro Co LT-Debt-to-Total-Asset Calculation

Hitejinro 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 )
	=	436219.483	/	3358347.206
	=	0.13

Hitejinro Co'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 )
	=	436219.483	/	3358347.206
	=	0.13

Hitejinro Co (XKRX:000087) 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.

Hitejinro Co LT-Debt-to-Total-Asset Related Terms

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Hitejinro Co (XKRX:000087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Hitejinro Co Ltd (XKRX:000087) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

000080:Korea

Address

132-12, Cheongdam-Dong, Gangnam-Gu, Seoul, KOR, 135-957

Website

http://www.hitejinro.com

HITE JINRO CO., LTD. is engaged in alcoholic beverage business. The JINRO Co, a maker of Soju, was acquired by HITE Co, a maker of Beer, in 2005 and merged in 2011. The company accounts for almost half of Soju market in Korea.

Hitejinro Co (XKRX:000087) Headlines

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