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OCI (XKRX:456040) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)


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What is OCI 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. OCI's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

OCI's long-term debt to total assets ratio increased from . 20 (0.00) to Mar. 2024 (0.08). It may suggest that OCI is progressively becoming more dependent on debt to grow their business.

OCI LT-Debt-to-Total-Asset Historical Data

The historical data trend for OCI'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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OCI LT-Debt-to-Total-Asset Chart

OCI Annual Data
Trend Dec23
LT-Debt-to-Total-Asset
0.06

OCI Quarterly Data
Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset 0.04 0.04 0.06 0.08

OCI LT-Debt-to-Total-Asset Calculation

OCI'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 )
=125913.605/1990471.193
=0.06

OCI'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 )
=186389.088/2308758.132
=0.08

* 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.

OCI  (XKRX:456040) 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.

OCI LT-Debt-to-Total-Asset Related Terms

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OCI (XKRX:456040) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » OCI (XKRX:456040) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
XKRX:006120 XKRX:001120 XKRX:000070 XKRX:145990 XKRX:001740 XKRX:322510 XKRX:004800 XKRX:383800 XKRX:000150 XKRX:036530 ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 ADX:ALPHADHABI MMM TSE:8002 HKSE:00267
Traded in Other Exchanges
N/A
Address
94, Sogong-ro, Jung-gu, Seoul, KOR, 100-718
Website
https://www.oci.co.kr
OCI is engaged in Solar PV Business, ESS (Energy Storage System), Cogeneration, Urban development projects, and Pharmaceutical-Bio business. The company will operate in Korea, China, and the United States.

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