Solus Advanced Materials (XKRX:336370) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Solus Advanced Materials 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. Solus Advanced Materials's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Solus Advanced Materials's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.06). It may suggest that Solus Advanced Materials is progressively becoming more dependent on debt to grow their business.

Solus Advanced Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solus Advanced Materials'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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Solus Advanced Materials LT-Debt-to-Total-Asset Chart

Solus Advanced Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.21

0.13

0.04

Solus Advanced Materials Quarterly Data
	Mar20	Jun20	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												0.04	0.05	0.10	0.04	0.06

Solus Advanced Materials LT-Debt-to-Total-Asset Calculation

Solus Advanced Materials'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 )
	=	74210.357	/	1706722.451
	=	0.04

Solus Advanced Materials'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 )
	=	114529.388	/	1799030.773
	=	0.06

Solus Advanced Materials (XKRX:336370) 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.

Solus Advanced Materials LT-Debt-to-Total-Asset Related Terms

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Solus Advanced Materials (XKRX:336370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solus Advanced Materials (XKRX:336370) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

33637L.PFD:Korea 33637K:Korea

Address

15, Jong-ro 33-gil, Jongno-gu, 6th Floor, Yeoungang B/D, Seoul, KOR, 03129

Website

https://www.solusadvancedmaterials.com

Solus Advanced Materials is a South Korea based company engaged in providing the copper foil for electronic devices. It also provides Battery copper foil for EV batteries, Electro Materials for mobile and TV and Natural materials for cosmeceutical, pharmaceutical and nutraceutical industries.

Solus Advanced Materials (XKRX:336370) Headlines

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