Heung Gu Oil Co (XKRX:024060) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Heung Gu Oil 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. Heung Gu Oil Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Heung Gu Oil Co's long-term debt to total assets ratio declined from Dec. 2023 (0.09) to Dec. 2024 (0.00). It may suggest that Heung Gu Oil Co is progressively becoming less dependent on debt to grow their business.

Heung Gu Oil Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Heung Gu Oil 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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Heung Gu Oil Co LT-Debt-to-Total-Asset Chart

Heung Gu Oil Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.09

Heung Gu Oil 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	0.09	0.09	0.09	-

Heung Gu Oil Co LT-Debt-to-Total-Asset Calculation

Heung Gu Oil 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 )
	=	171.165	/	92926.944
	=	0.00

Heung Gu Oil 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 )
	=	171.165	/	92926.944
	=	0.00

Heung Gu Oil Co (XKRX:024060) 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.

Heung Gu Oil Co LT-Debt-to-Total-Asset Related Terms

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Heung Gu Oil Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heung Gu Oil Co Ltd (XKRX:024060) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5, 38, Dongdeok-ro, Dong-gu, Jung-gu, Daegu, Seoul, KOR

Website

https://www.hunggu.kr

Heung Gu Oil Co Ltd is an oil and gas company. It markets oil and gas and operates gas stations. It is a petroleum wholesaler and retailer that purchases oil, kerosene, etc. from GS Caltex Co Ltd and sells them in the Daegu-Gyeongbuk region.

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