Wooree Enterprise Co (XKRX:037400) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Wooree Enterprise 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. Wooree Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Wooree Enterprise Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.03). It may suggest that Wooree Enterprise Co is progressively becoming more dependent on debt to grow their business.

Wooree Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wooree Enterprise 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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Wooree Enterprise Co LT-Debt-to-Total-Asset Chart

Wooree Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.04

0.02

Wooree Enterprise 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															0.01	0.02	0.02	0.02	0.03

Wooree Enterprise Co LT-Debt-to-Total-Asset Calculation

Wooree Enterprise 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 )
	=	13190.132	/	680411.708
	=	0.02

Wooree Enterprise 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 )
	=	19075.373	/	689707.985
	=	0.03

Wooree Enterprise Co (XKRX:037400) 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.

Wooree Enterprise Co LT-Debt-to-Total-Asset Related Terms

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Wooree Enterprise Co (XKRX:037400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Wooree Enterprise Co Ltd (XKRX:037400) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

79, Seonggok-ro, Danwon-gu, Gyeonggi-do, Ansan-si, KOR

Website

http://www.wooreelighting.co.kr

Wooree Enterprise Co Ltd is a Korea-based holding company engaged in the manufacture of lighting bulbs and lamps. The company produces light emitting diode (LED) lamps, including fixture light engines, LED tube lights and others; LED indoor lightings, including recessed downlightings with different inches, link lights, recessed panel lights and others; LED outdoor lightings, including highbay lights, street lights and circular highbay lights and others in parking lots and buildings; LED signboard lightings, including light panels and channel sign modules and others.

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