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AeroSpace Technology of Korea (XKRX:067390) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)


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What is AeroSpace Technology of Korea 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. AeroSpace Technology of Korea's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

AeroSpace Technology of Korea's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.32). It may suggest that AeroSpace Technology of Korea is progressively becoming more dependent on debt to grow their business.

AeroSpace Technology of Korea LT-Debt-to-Total-Asset Historical Data

The historical data trend for AeroSpace Technology of Korea'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.

* Premium members only.

AeroSpace Technology of Korea LT-Debt-to-Total-Asset Chart

AeroSpace Technology of Korea Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.34 0.26 0.18 0.28

AeroSpace Technology of Korea 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.28 0.33 0.34 0.32

AeroSpace Technology of Korea LT-Debt-to-Total-Asset Calculation

AeroSpace Technology of Korea'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 )
=132983.314/469131.542
=0.28

AeroSpace Technology of Korea'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 )
=179109.803/557829.525
=0.32

* 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.

AeroSpace Technology of Korea  (XKRX:067390) 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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AeroSpace Technology of Korea Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AeroSpace Technology of Korea Inc (XKRX:067390) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
XKRX:096350 XKRX:101930 XKRX:221840 XKRX:103230 XKRX:014940 XKRX:099410 XKRX:054180 XKRX:274090 XKRX:065450 XKRX:318660 RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX
Traded in Other Exchanges
N/A
Address
23-65, Gongdan 1-ro, Sanam-myeon, Gyeongnam, Sacheon-si, KOR, 664-942
Website
http://www.astk.co.kr
AeroSpace Technology of Korea Inc is a Korea based company specialized in aircraft parts manufacturing. The product portfolio of the organization includes airframe, metallic parts and lean manufacturing. Airframe product unit consists of Boeing business, Embraer business and Bombardier business. The metallic parts provided covers skin, machining, stretcher wrap, bladder press, press brake, roll bender and rubber press. The other offerings include frame assembly, upper panel assembly, main deck cargo door, crew entry door and roll formed stringer.

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