Shin Steel Co (XKRX:162300) Debt-to-Asset : 0.34 (As of Mar. 2024)

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What is Shin Steel Co Debt-to-Asset?

Shin Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩44,579 Mil. Shin Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩30,146 Mil. Shin Steel Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₩220,542 Mil. Shin Steel Co's debt to asset for the quarter that ended in Mar. 2024 was 0.34.

Shin Steel Co Debt-to-Asset Historical Data

The historical data trend for Shin Steel Co'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.

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Shin Steel Co Debt-to-Asset Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.60

0.52

0.45

0.41

Shin Steel Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial					0.34	0.38	0.41	0.36	0.34

Competitive Comparison of Shin Steel Co's Debt-to-Asset

For the Steel subindustry, Shin Steel Co'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.

Shin Steel Co's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shin Steel Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Shin Steel Co's Debt-to-Asset falls into.

Shin Steel Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shin Steel Co's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(55062.092	+	10382.19)	/	161576.062
	=	0.41

Shin Steel Co'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
	=	(44578.578	+	30145.987)	/	220541.92
	=	0.34

Shin Steel Co (XKRX:162300) 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.

Shin Steel Co Debt-to-Asset Related Terms

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Shin Steel Co (XKRX:162300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

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