Sungeel Hitech Co (XKRX:365340) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Sungeel Hitech 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. Sungeel Hitech Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

Sungeel Hitech Co's long-term debt to total assets ratio increased from Sep. 2023 (0.19) to Sep. 2024 (0.32). It may suggest that Sungeel Hitech Co is progressively becoming more dependent on debt to grow their business.

Sungeel Hitech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sungeel Hitech 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.

Sungeel Hitech Co LT-Debt-to-Total-Asset Chart

Sungeel Hitech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.21

0.30

0.12

0.08

0.19

Sungeel Hitech Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.19	0.19	0.24	0.31	0.32

Sungeel Hitech Co LT-Debt-to-Total-Asset Calculation

Sungeel Hitech 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 )
	=	111184.116	/	575068.417
	=	0.19

Sungeel Hitech 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 )
	=	227095.483	/	708755.029
	=	0.32

Sungeel Hitech Co (XKRX:365340) 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.

Sungeel Hitech Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sungeel Hitech Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sungeel Hitech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungeel Hitech Co Ltd (XKRX:365340) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

143-12, Gunsansandan-ro, Jeollabuk-do, Bieungdo-dong, Gunsan-si, KOR

Website

https://www.sungeelht.com

Sungeel Hitech Co Ltd operates as a battery recycling company. The company provides lithium-ion battery recycling, sustainable rechargeable battery recycling, waste batteries full circulatory recycling, and circulation services. It also engages in producing high-purity battery materials such as nickel, cobalt, lithium, and others from the battery powder.

Sungeel Hitech Co Headlines

No Headlines