HL Mando (XKRX:204320) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is HL Mando 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. HL Mando's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

HL Mando's long-term debt to total assets ratio increased from Sep. 2023 (0.17) to Sep. 2024 (0.22). It may suggest that HL Mando is progressively becoming more dependent on debt to grow their business.

HL Mando LT-Debt-to-Total-Asset Historical Data

The historical data trend for HL Mando'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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HL Mando LT-Debt-to-Total-Asset Chart

HL Mando Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.22

0.25

0.22

0.18

HL Mando 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															0.17	0.18	0.22	0.22	0.22

HL Mando LT-Debt-to-Total-Asset Calculation

HL Mando'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 )
	=	1152478.144	/	6286700.392
	=	0.18

HL Mando'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 )
	=	1454536.323	/	6634424.225
	=	0.22

HL Mando (XKRX:204320) 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.

HL Mando LT-Debt-to-Total-Asset Related Terms

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HL Mando Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HL Mando Corp (XKRX:204320) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

21, Pangyo-ro 255 beon-gil, Bundang-gu, Gyeonggi Province, Seongnam-si, KOR

Website

https://www.hlmando.com

HL Mando Corp is engaged in the business of manufacturing automobile parts. Its products consist of brake systems, including brake comer modules, caliper brakes, drum brakes, master cylinders, boosters, proportioning valves, steering, suspension system, driver assistance system, and sensors. Geographically, the group operates in Korea, India, America and other countries.

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