Union Materials (XKRX:047400) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Union Materials 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. Union Materials's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Union Materials's long-term debt to total assets ratio increased from Dec. 2023 (0.08) to Dec. 2024 (0.08). It may suggest that Union Materials is progressively becoming more dependent on debt to grow their business.

Union Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for Union Materials'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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Union Materials LT-Debt-to-Total-Asset Chart

Union Materials Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.08

0.12

0.08

Union Materials 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															0.08	0.08	0.08	0.08	0.08

Union Materials LT-Debt-to-Total-Asset Calculation

Union Materials'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 )
	=	11461.658	/	138270.697
	=	0.08

Union Materials'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 )
	=	11461.658	/	138270.697
	=	0.08

Union Materials (XKRX:047400) 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.

Union Materials LT-Debt-to-Total-Asset Related Terms

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Union Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Union Materials Corp (XKRX:047400) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Seongseo Industrial Complex Nam-ro, Dalseo-gu, Daegu, KOR, 704-320

Website

http://www.unionmaterials.com

Union Materials Corp is an International manufacturer of advanced materials. It is an export-oriented industry. Its products include ferrite magnets and various ceramic-based parts and cutting tools.

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