Synergy Innovation Co (XKRX:048870) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Synergy Innovation 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. Synergy Innovation Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Synergy Innovation Co's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Synergy Innovation Co is progressively becoming less dependent on debt to grow their business.

Synergy Innovation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Synergy Innovation 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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Synergy Innovation Co LT-Debt-to-Total-Asset Chart

Synergy Innovation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

Synergy Innovation Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Synergy Innovation Co LT-Debt-to-Total-Asset Calculation

Synergy Innovation 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 )
	=	1244.906	/	285901.064
	=	0.00

Synergy Innovation Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1244.906	/	285901.064
	=	0.00

Synergy Innovation Co (XKRX:048870) 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.

Synergy Innovation Co LT-Debt-to-Total-Asset Related Terms

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Synergy Innovation Co (XKRX:048870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Synergy Innovation Co Ltd (XKRX:048870) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

124 Myeong-dong Dong 601, Seongnam-si, Gyeonggi-do, Seoul, KOR

Website

http://www.synergyinno.com

Synergy Innovation Co Ltd is a South Korean company engaged in research and development in various fields like genetics, new drugs, and medical devices and materials. The business of the company includes bio business and new drug development.

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