Lotte Chemical (XKRX:011170) Debt-to-Asset : 0.31 (As of Mar. 2024)

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What is Lotte Chemical Debt-to-Asset?

Lotte Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩5,531,226 Mil. Lotte Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩5,409,562 Mil. Lotte Chemical's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₩35,130,024 Mil. Lotte Chemical's debt to asset for the quarter that ended in Mar. 2024 was 0.31.

Lotte Chemical Debt-to-Asset Historical Data

The historical data trend for Lotte Chemical's Debt-to-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.

Lotte Chemical Debt-to-Asset Chart

Lotte Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.18

0.17

0.16

0.24

0.30

Lotte Chemical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.26	0.28	0.29	0.30	0.31

Competitive Comparison of Lotte Chemical's Debt-to-Asset

For the Chemicals subindustry, Lotte Chemical's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lotte Chemical's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lotte Chemical's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Lotte Chemical's Debt-to-Asset falls into.

Lotte Chemical Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lotte Chemical's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4169888.734	+	5844256.231)	/	33476310.225
	=	0.30

Lotte Chemical's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5531226.298	+	5409562.135)	/	35130023.659
	=	0.31

Lotte Chemical (XKRX:011170) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Lotte Chemical Debt-to-Asset Related Terms

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Lotte Chemical (XKRX:011170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Corp (XKRX:011170) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

300 Olympic-ro, 14th Floor-16th Floor, Lotte World Tower, Songpa-gu, Seoul, KOR

Website

http://www.lottechem.com

Lotte Chemical Corp is one of the largest chemical companies in Asia. It manufactures a variety of chemicals which include polyethylene, polypropylene, functional resin, ethylene oxide/ethylene glycol, butadiene, benzene, and Toluene. Its products are used in various industry applications such as coating materials, automotive parts, and detergent.

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