Chunbo Co (XKRX:278280) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Chunbo 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. Chunbo Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Chunbo Co's long-term debt to total assets ratio declined from Sep. 2023 (0.36) to Sep. 2024 (0.12). It may suggest that Chunbo Co is progressively becoming less dependent on debt to grow their business.

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

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

Chunbo Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.34

0.37

Chunbo Co 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															0.36	0.37	0.10	0.13	0.12

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

Chunbo 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 )
	=	348179.092	/	933690.406
	=	0.37

Chunbo Co'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 )
	=	115227.39	/	943954.635
	=	0.12

Chunbo Co (XKRX:278280) 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.

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

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Chunbo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chunbo Co Ltd (XKRX:278280) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

312, Jungwonsaneop-ro, Judeok-eup, Chungcheongbuk-do, Chungju-si, KOR

Website

http://www.chunbochem.com

Chunbo Co Ltd is a general chemical material company based in South Korea. It provides Display Application Materials, Semiconductor Application Materials, Secondary Battery Materials, Pharmaceutical Intermediates and Specialty Chemicals. The chemicals offered by the company include Potassium nitrate, Potassium acetate, Potassium sulfate, Ammonium chloride and Fluoroethylene carbonate among others.

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