Iljin Holdings Co (XKRX:015860) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Iljin Holdings 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. Iljin Holdings Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Iljin Holdings Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.04). It may suggest that Iljin Holdings Co is progressively becoming less dependent on debt to grow their business.

Iljin Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Iljin Holdings 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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Iljin Holdings Co LT-Debt-to-Total-Asset Chart

Iljin Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.15

0.06

0.08

0.07

Iljin Holdings Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.06	0.04	0.04

Iljin Holdings Co LT-Debt-to-Total-Asset Calculation

Iljin Holdings 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 )
	=	119171.863	/	1664779.335
	=	0.07

Iljin Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	69074.865	/	1808964.93
	=	0.04

Iljin Holdings Co (XKRX:015860) 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.

Iljin Holdings Co LT-Debt-to-Total-Asset Related Terms

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Iljin Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Iljin Holdings Co Ltd (XKRX:015860) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

905-17, Mannyeon-ro, Gyeonggi-Do, Hwaseong, KOR

Website

http://www.iljinelectric.co.kr

Iljin Holdings Co Ltd is a Korea-based holding company engaged in providing electric products, such as power transmissions, power transformation systems, power systems, power cables, and others. It is also engaged in the manufacturing of diamonds, cutting tool materials and hard metals; In addition, it is also involved in the leasing of real estate and management of facilities. The company distributes its product within Korea and to the overseas market.

Iljin Holdings Co Headlines

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