Chin Yang Chemical (XKRX:051630) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Chin Yang Chemical 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. Chin Yang Chemical's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Chin Yang Chemical's long-term debt to total assets ratio increased from Sep. 2023 (0.15) to Sep. 2024 (0.16). It may suggest that Chin Yang Chemical is progressively becoming more dependent on debt to grow their business.

Chin Yang Chemical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chin Yang Chemical'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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Chin Yang Chemical LT-Debt-to-Total-Asset Chart

Chin Yang Chemical Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.15

Chin Yang Chemical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.15	0.15	0.16	0.16

Chin Yang Chemical LT-Debt-to-Total-Asset Calculation

Chin Yang Chemical'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 )
	=	7463.606	/	49908.221
	=	0.15

Chin Yang Chemical's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	7452.532	/	47244.111
	=	0.16

Chin Yang Chemical (XKRX:051630) 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.

Chin Yang Chemical LT-Debt-to-Total-Asset Related Terms

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Chin Yang Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chin Yang Chemical Corp (XKRX:051630) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

300-1 Yeocheondong, Namgu, Ulsan, KOR, 680-090

Website

http://www.chinyang.co.kr

Chin Yang Chemical Corporation is a Korean company engaged in the PVC industry by manufacturing chemical products. The products offered by the company are PVC floor coverings, wallpapers, PVC leathers, PVC tarpaulin, tent sheets and other products. It is also involved in the automobile and electronics business by developing eco-friendly products using TOU/TPO materials.

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