Seong An Materials Co (XKRX:011300) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Seong An Materials 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. Seong An Materials Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Seong An Materials Co's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Seong An Materials Co is progressively becoming less dependent on debt to grow their business.

Seong An Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seong An Materials 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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Seong An Materials Co LT-Debt-to-Total-Asset Chart

Seong An Materials Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.15

0.14

0.12

0.02

0.01

Seong An Materials 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															0.02	0.01	0.01	0.01	0.01

Seong An Materials Co LT-Debt-to-Total-Asset Calculation

Seong An Materials 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 )
	=	802.521	/	116893.023
	=	0.01

Seong An Materials 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 )
	=	802.521	/	116893.023
	=	0.01

Seong An Materials Co (XKRX:011300) 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.

Seong An Materials Co LT-Debt-to-Total-Asset Related Terms

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Seong An Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Seong An Materials Co Ltd (XKRX:011300) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

740, Geomdan-Dong, Buk-Gu, Daegu, KOR, 702-800

Website

http://www.startex.co.kr

Seong An Materials Co Ltd is a textile company engaged in manufacturing, exporting, and selling fabric related products in Korea and internationally. It offers polyester woven and circular knit fabrics.

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