Osteonic Co (XKRX:226400) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Osteonic 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. Osteonic Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Osteonic Co's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.05). It may suggest that Osteonic Co is progressively becoming more dependent on debt to grow their business.

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

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

Osteonic 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

0.15

0.03

0.05

Osteonic Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.05

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

Osteonic 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 )
	=	3505.84	/	71739.369
	=	0.05

Osteonic Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3505.84	/	71739.369
	=	0.05

Osteonic Co (XKRX:226400) 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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Osteonic Co (XKRX:226400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Osteonic Co Ltd (XKRX:226400) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1206Ho, 38, Digital-ro 29-gil, Guro-gu, Seoul, KOR, 152-779

Website

http://www.osteonic.com

Osteonic Co Ltd develops and manufactures bone fixation products. It offers products for internal bone fixation and dental implant.

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