Tongyang (XKRX:001527) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

View and export this data going back to 1976. Start your Free Trial

What is Tongyang 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. Tongyang's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Tongyang's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.05). It may suggest that Tongyang is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Tongyang'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.

* Premium members only.

Tongyang LT-Debt-to-Total-Asset Chart

Tongyang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.02

0.01

0.02

Tongyang Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.02	0.02	0.02	0.05

Tongyang LT-Debt-to-Total-Asset Calculation

Tongyang'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 )
	=	19351.162	/	1099649.988
	=	0.02

Tongyang's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	56870.791	/	1198433.251
	=	0.05

Tongyang (XKRX:001527) 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.

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

Thank you for viewing the detailed overview of Tongyang's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tongyang Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tongyang Inc (XKRX:001527) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

001525.PFD:Korea 001520:Korea

Address

24, International Finance Road 2-gil, 3rd Floor-4th Floor, Yeouido Building, Samsung Life Insurance, Yeongdeungpo-gu, Seoul, KOR

Website

http://www.tongyanginc.co.kr

Tongyang Inc is engaged in the manufacturing and distribution of construction materials. It is organized into five business divisions: Building Materials, Construction, Textile and Plant, and Household Appliance. The company also operates the ready-mixed concrete business.

Tongyang Headlines

No Headlines