SELECT * FROM `stock_list` where symbol='373220' AND exchange = 'XKRX' limit 0,1
SELECT * FROM `stock_list` where symbol='373220' AND exchange = 'XKRX' limit 0,1
SELECT * FROM `stock_list` WHERE `symbol` = "373220" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1 LG Energy Solution (XKRX:373220) LT-Debt-to-Total-Asset
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » LT-Debt-to-Total-Asset

LG Energy Solution (XKRX:373220) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)


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

What is LG Energy Solution 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. LG Energy Solution's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

LG Energy Solution's long-term debt to total assets ratio increased from Dec. 2022 (0.14) to Dec. 2023 (0.17). It may suggest that LG Energy Solution is progressively becoming more dependent on debt to grow their business.

LG Energy Solution LT-Debt-to-Total-Asset Historical Data

The historical data trend for LG Energy Solution'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.

LG Energy Solution LT-Debt-to-Total-Asset Chart

LG Energy Solution Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.25 0.20 0.14 0.17

LG Energy Solution Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.13 0.16 0.17 0.17

LG Energy Solution LT-Debt-to-Total-Asset Calculation

LG Energy Solution'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 )
=7720833/45437144
=0.17

LG Energy Solution's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=7720833/45437144
=0.17

* 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.

LG Energy Solution  (XKRX:373220) 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.

LG Energy Solution LT-Debt-to-Total-Asset Related Terms

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

LG Energy Solution (XKRX:373220) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
XKRX:034020 XKRX:277810 XKRX:403870 XKRX:454910 XKRX:112610 XKRX:298040 XKRX:017800 XKRX:137400 XKRX:056190 XKRX:372170 GE XTER:SIE XPAR:SU ETN ITW OSTO:ATCO A EMR PH AME OTIS
Traded in Other Exchanges
N/A
Address
Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR
Website
https://www.lgensol.com
LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

LG Energy Solution (XKRX:373220) Headlines

No Headlines