Sekonix Co (XKRX:053450) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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

Sekonix Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.03). It may suggest that Sekonix Co is progressively becoming more dependent on debt to grow their business.

Sekonix Co LT-Debt-to-Total-Asset Historical Data

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

Sekonix 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

0.02

0.09

0.07

0.02

Sekonix Co 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															0.02	0.02	0.03	0.03	0.03

Sekonix Co LT-Debt-to-Total-Asset Calculation

Sekonix 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 )
	=	5618.009	/	285476.008
	=	0.02

Sekonix Co'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 )
	=	8156.764	/	271118.353
	=	0.03

Sekonix Co (XKRX:053450) 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.

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Sekonix Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sekonix Co Ltd (XKRX:053450) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Peace road 2862, 28 (Sangbongam-dong 146-16) Sekonics, Gyeonggi-do, Dongducheon, KOR, 11307

Website

http://www.sekonix.com

Sekonix Co Ltd develops, manufactures, and sells precision opto-electronic components. The product offered by the company include cell-phone lens, projector lens, automobile camera and others. Geographically, the activities are carried out through Korea.

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