Contec Co (XKRX:451760) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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

Contec Co's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Contec Co is progressively becoming less dependent on debt to grow their business.

Contec Co LT-Debt-to-Total-Asset Historical Data

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

Contec Co Annual Data

Trend

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.02

0.01

Contec Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	0.02	0.02	0.01	0.01

Contec Co LT-Debt-to-Total-Asset Calculation

Contec Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	2159.147	/	278757.169
	=	0.01

Contec Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	2159.147	/	278757.169
	=	0.01

Contec Co (XKRX:451760) 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.

Contec Co LT-Debt-to-Total-Asset Related Terms

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Contec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Contec Co Ltd (XKRX:451760) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

169-84 Gwahak-ro, Yuseong-gu, Daejeon, KOR, 34133

Website

https://www.contec.kr

Contec Co Ltd provides easy to use ground station services and Satellite Image Processing & Application Services for satellite operations. It has expanded ground station network in North America, Europe, Africa and Asia, allowing continuous monitoring of spacecraft. CONTEC ONE is the satellite communication platform offered by the company.

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