Lotte Chemical (XKRX:011170) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Lotte Chemical 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. Lotte Chemical's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Lotte Chemical's long-term debt to total assets ratio increased from Mar. 2023 (0.13) to Mar. 2024 (0.15). It may suggest that Lotte Chemical is progressively becoming more dependent on debt to grow their business.

Lotte Chemical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lotte Chemical'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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Lotte Chemical LT-Debt-to-Total-Asset Chart

Lotte Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.11

0.08

0.09

0.18

Lotte Chemical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.14	0.16	0.18	0.15

Lotte Chemical LT-Debt-to-Total-Asset Calculation

Lotte Chemical'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 )
	=	5844256.231	/	33476310.225
	=	0.17

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	5409562.135	/	35130023.659
	=	0.15

Lotte Chemical (XKRX:011170) 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.

Lotte Chemical LT-Debt-to-Total-Asset Related Terms

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Lotte Chemical (XKRX:011170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Corp (XKRX:011170) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

300 Olympic-ro, 14th Floor-16th Floor, Lotte World Tower, Songpa-gu, Seoul, KOR

Website

http://www.lottechem.com

Lotte Chemical Corp is one of the largest chemical companies in Asia. It manufactures a variety of chemicals which include polyethylene, polypropylene, functional resin, ethylene oxide/ethylene glycol, butadiene, benzene, and Toluene. Its products are used in various industry applications such as coating materials, automotive parts, and detergent.

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