Sinjin Sm Co (XKRX:138070) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Sinjin Sm 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. Sinjin Sm Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Sinjin Sm Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.06). It may suggest that Sinjin Sm Co is progressively becoming less dependent on debt to grow their business.

Sinjin Sm Co LT-Debt-to-Total-Asset Historical Data

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

Sinjin Sm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.15

0.17

0.12

0.07

Sinjin Sm Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.10	0.11	0.07	0.06

Sinjin Sm Co LT-Debt-to-Total-Asset Calculation

Sinjin Sm 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 )
	=	7589.514	/	107467.664
	=	0.07

Sinjin Sm Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6880.705	/	108211.835
	=	0.06

Sinjin Sm Co (XKRX:138070) 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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Sinjin Sm Co (XKRX:138070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinjin Sm Co Ltd (XKRX:138070) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Changmuro, Janggye-myeon, Jangsu-gun, Jeonbuk, KOR, 352-73

Website

http://www.sinjin-sm.co.kr

Sinjin Sm Co Ltd is the first standard plate manufacturer in Korea. The Company's products portfolio includes standard plates such as standard steel plates, standard special steel plates, standard stainless plates and standard aluminum plates, L-brackets, blocks and others.

Sinjin Sm Co (XKRX:138070) Headlines

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