Korea Movenex Co (XKRX:010100) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is Korea Movenex 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. Korea Movenex Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

Korea Movenex Co's long-term debt to total assets ratio increased from Dec. 2023 (0.09) to Dec. 2024 (0.11). It may suggest that Korea Movenex Co is progressively becoming more dependent on debt to grow their business.

Korea Movenex Co LT-Debt-to-Total-Asset Historical Data

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

Korea Movenex Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.01

0.03

0.09

0.11

Korea Movenex 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															0.09	0.10	0.10	0.10	0.11

Korea Movenex Co LT-Debt-to-Total-Asset Calculation

Korea Movenex 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 )
	=	111303.945	/	1013538.338
	=	0.11

Korea Movenex 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 )
	=	111303.945	/	1013538.338
	=	0.11

Korea Movenex Co (XKRX:010100) 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.

Korea Movenex Co LT-Debt-to-Total-Asset Related Terms

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Korea Movenex Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Korea Movenex Co Ltd (XKRX:010100) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

2, Mipo 1-gil, Dong-Gu, Ulsan, KOR, 682-801

Website

http://www.koreamovenex.com

Korea Movenex Co Ltd engages in the provision of automobile parts, flanges, industrial machinery and advertising/broadcast services. It offers automobile parts, including half shaft and front axle assemblies for passenger cars; and front axle and brake assemblies for buses and trucks. The company also provides engine parts of automobiles comprising crank and cam shafts, hubs, differential gears, spindles, and connecting rods; and carbon steel, non-steel, ANSI, AWWA, API, MSS, welding neck, threeded, slip-on, lap joint, blind, and socket welding flanges. In addition, it offers industrial vessel engine bases and frames, vessel and steel structures, press containers of chemical factories, and bridge and construction-related works.

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