Chungdam Global Co (XKRX:362320) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Chungdam Global 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. Chungdam Global Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Chungdam Global Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.01). It may suggest that Chungdam Global Co is progressively becoming less dependent on debt to grow their business.

Chungdam Global Co LT-Debt-to-Total-Asset Historical Data

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

Chungdam Global Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.31

0.54

0.17

0.06

Chungdam Global Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.05	0.03	0.03	0.01	0.01

Chungdam Global Co LT-Debt-to-Total-Asset Calculation

Chungdam Global Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	5507.429	/	98231.535
	=	0.06

Chungdam Global Co'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 )
	=	756.369	/	130589.113
	=	0.01

Chungdam Global Co (XKRX:362320) 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.

Chungdam Global Co LT-Debt-to-Total-Asset Related Terms

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Chungdam Global Co (XKRX:362320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chungdam Global Co Ltd (XKRX:362320) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rm. 2401, Building B, Songdo Centroad Office, 23, Incheon tower-daero, Yeonsu-gu, Incheon, KOR

Website

http://www.chungdamgroup.com

Chungdam Global Co Ltd operates as a distributor that offers a total value distribution platform, which streamlined marketing and distribution for brand lands of high-potential products. It offers cosmetics like Toner, Cream, Serum, Mask, among other.

Chungdam Global Co (XKRX:362320) Headlines

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