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Hyosung Heavy Industries Co (XKRX:298040) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)


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What is Hyosung Heavy Industries 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. Hyosung Heavy Industries Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Hyosung Heavy Industries Co's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.04). It may suggest that Hyosung Heavy Industries Co is progressively becoming less dependent on debt to grow their business.


Hyosung Heavy Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hyosung Heavy Industries 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.

* Premium members only.

Hyosung Heavy Industries Co LT-Debt-to-Total-Asset Chart

Hyosung Heavy Industries Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.12 0.16 0.16 0.14 0.09

Hyosung Heavy Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.09 0.04 0.06 0.04

Hyosung Heavy Industries Co LT-Debt-to-Total-Asset Calculation

Hyosung Heavy Industries 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 )
=410022.189/4761300.218
=0.09

Hyosung Heavy Industries 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 )
=212012.692/5100602.013
=0.04

* 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.


Hyosung Heavy Industries Co  (XKRX:298040) 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.


Hyosung Heavy Industries Co LT-Debt-to-Total-Asset Related Terms

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Hyosung Heavy Industries Co Business Description

Traded in Other Exchanges
N/A
Address
Mapo 119, Mapo-gu, Seoul, KOR, 04144
Hyosung Heavy Industries Co Ltd provides technology solutions in the field of heavy electric power and develops industrial machinery. The company is involved in various construction projects such as housing, redevelopment and reconstruction. The company also offers welding solutions, gear solutions, and system and engineering solutions.

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