Il Jeong Industrial Co (XKRX:008500) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2024)

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What is Il Jeong Industrial 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. Il Jeong Industrial Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.24.

Il Jeong Industrial Co's long-term debt to total assets ratio increased from Dec. 2023 (0.18) to Dec. 2024 (0.24). It may suggest that Il Jeong Industrial Co is progressively becoming more dependent on debt to grow their business.

Il Jeong Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Il Jeong Industrial 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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Il Jeong Industrial Co LT-Debt-to-Total-Asset Chart

Il Jeong Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.26

0.09

0.18

0.24

Il Jeong Industrial Co 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															0.18	0.16	0.31	0.32	0.24

Il Jeong Industrial Co LT-Debt-to-Total-Asset Calculation

Il Jeong Industrial Co'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 )
	=	8000	/	33094.014
	=	0.24

Il Jeong Industrial Co'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 )
	=	8000	/	33094.014
	=	0.24

Il Jeong Industrial Co (XKRX:008500) 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.

Il Jeong Industrial Co LT-Debt-to-Total-Asset Related Terms

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Il Jeong Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Il Jeong Industrial Co Ltd (XKRX:008500) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

651-1 Choji-Dong, Danwon-Ku, Ansan, Gyeonggi, KOR, 425-080

Website

http://www.iljeong.co.kr

Il Jeong Industrial Co Ltd is engaged in providing car seat fabrics to automobile makers in Korea, Europe, North America, and China. Its products include moquette, tricot, woven, plush jacquard, jersey, single knit, and headliner fabrics are used in car seat fabrics, head linings, door trims, arms rests, and sun visors. The company also provides upholstery fabrics that are used in sofas and chairs in hotel and homes.

Il Jeong Industrial Co Headlines

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