Aluko Co (XKRX:001780) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Aluko 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. Aluko Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Aluko Co's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.07). It may suggest that Aluko Co is progressively becoming more dependent on debt to grow their business.

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

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

Aluko Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.13

0.04

Aluko Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.08	0.08	0.07

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

Aluko 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 )
	=	37800.451	/	861149.661
	=	0.04

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	62355.719	/	872825.995
	=	0.07

Aluko Co (XKRX:001780) 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.

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

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Aluko Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluko Co Ltd (XKRX:001780) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

31 119th street, Daehwa-ro Daedeok-gu, Daejeon, KOR, 306-020

Website

http://www.alusash.co.kr

Aluko Co Ltd is an aluminium manufacturing company. It is involved in development and manufacturing of industrial material, building material and aluminium extruded component products. The company's main products include Chasis, Edge bar, and Fences. It has developed and promoted Dongyang brand.

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