Douzone Bizon Co (XKRX:012510) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Douzone Bizon 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. Douzone Bizon Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Douzone Bizon Co's long-term debt to total assets ratio declined from Dec. 2022 (0.30) to Dec. 2023 (0.01). It may suggest that Douzone Bizon Co is progressively becoming less dependent on debt to grow their business.

Douzone Bizon Co LT-Debt-to-Total-Asset Historical Data

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

Douzone Bizon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.32

0.30

0.01

Douzone Bizon Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.31	0.30	0.01	0.01

Douzone Bizon Co LT-Debt-to-Total-Asset Calculation

Douzone Bizon 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 )
	=	7031.168	/	883327.56
	=	0.01

Douzone Bizon Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	7031.168	/	883327.56
	=	0.01

Douzone Bizon Co (XKRX:012510) 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.

Douzone Bizon Co LT-Debt-to-Total-Asset Related Terms

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Douzone Bizon Co (XKRX:012510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Douzone Bizon Co Ltd (XKRX:012510) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road: 29, Euljiro-ro, Duzon Tower: 87 Euljiro, 1-ga, Chuncheon-si, Gangwon-do, KOR, 200-915

Website

http://www.duzon.co.kr

Douzone Bizon Co Ltd is a player in the software industry. Its major product is enterprise resource planning available in variants such as lite ERP, standard ERP, extended ERP and financial ERP, construction-use ERP and security solutions. It also caters to the banking industry with electronic banking software used for billing and taxation purposes.

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