Shinsegae Food Co (XKRX:031440) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Shinsegae Food 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. Shinsegae Food Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Shinsegae Food Co's long-term debt to total assets ratio increased from Mar. 2023 (0.26) to Mar. 2024 (0.30). It may suggest that Shinsegae Food Co is progressively becoming more dependent on debt to grow their business.

Shinsegae Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shinsegae Food 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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Shinsegae Food Co LT-Debt-to-Total-Asset Chart

Shinsegae Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.37

0.45

0.30

0.19

Shinsegae Food Co 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															0.26	0.26	0.19	0.19	0.30

Shinsegae Food Co LT-Debt-to-Total-Asset Calculation

Shinsegae Food 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 )
	=	168716.871	/	875471.407
	=	0.19

Shinsegae Food Co'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 )
	=	257283.917	/	860672.069
	=	0.30

Shinsegae Food Co (XKRX:031440) 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.

Shinsegae Food Co LT-Debt-to-Total-Asset Related Terms

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Shinsegae Food Co (XKRX:031440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shinsegae Food Co Ltd (XKRX:031440) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Seongsuil-ro, 56th floor, Seongdong-gu, Seoul, KOR

Website

http://www.shinsegaefood.com

Shinsegae Food Co Ltd is involved in food manufacture, food distribution, food and beverage and food service and restaurant business. Food manufacture business includes manufacturers, soups, stews, casseroles, salads, processed meat, sauces, noodles, and rice cakes baked goods, etc. Food distribution business comprises supplying goods to customers such as restaurant franchises, food manufacturers, hotels, resorts, etc. The food and beverage business consists of the development of new concepts and premium food brands and foodservice business covers the provision of customized food services to facilities such as offices, research centers, hospitals, and universities. The firm promotes and develops brands such as Hansik Olbaan, peacock, Johnny rockets, zespri, among others.

Shinsegae Food Co (XKRX:031440) Headlines

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