Ajusteel Co (XKRX:139990) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

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What is Ajusteel 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. Ajusteel Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Ajusteel Co's long-term debt to total assets ratio increased from Mar. 2023 (0.23) to Mar. 2024 (0.25). It may suggest that Ajusteel Co is progressively becoming more dependent on debt to grow their business.

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

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

Ajusteel Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.08

0.12

0.11

0.20

0.27

Ajusteel Co Quarterly Data
	Mar20	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											0.23	0.26	0.23	0.27	0.25

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

Ajusteel 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 )
	=	268509.198	/	995933.67
	=	0.27

Ajusteel 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 )
	=	262160.421	/	1035668.673
	=	0.25

Ajusteel Co (XKRX:139990) 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.

Ajusteel Co LT-Debt-to-Total-Asset Related Terms

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Ajusteel Co (XKRX:139990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ajusteel Co Ltd (XKRX:139990) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

321, 4-gongdan-ro, Gumi, Gyeongsangbuk-do, KOR

Website

http://www.ajusteel.com

Ajusteel Co Ltd is a steel company in Korea. It owns the full spectrum of manufacturing methods for designing steel surfaces. Its products include Texteel, SUSlike, Silk, pMCCL, Atex among others.

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