Seah Besteel Holdings (XKRX:001430) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Seah Besteel Holdings 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. Seah Besteel Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Seah Besteel Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.17). It may suggest that Seah Besteel Holdings is progressively becoming more dependent on debt to grow their business.

Seah Besteel Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seah Besteel Holdings'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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Seah Besteel Holdings LT-Debt-to-Total-Asset Chart

Seah Besteel Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.14

0.15

0.17

Seah Besteel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.18	0.20	0.19	0.17

Seah Besteel Holdings LT-Debt-to-Total-Asset Calculation

Seah Besteel Holdings'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 )
	=	631982.096	/	3665171.001
	=	0.17

Seah Besteel Holdings'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 )
	=	631982.096	/	3665171.001
	=	0.17

Seah Besteel Holdings (XKRX:001430) 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.

Seah Besteel Holdings LT-Debt-to-Total-Asset Related Terms

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Seah Besteel Holdings (XKRX:001430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Seah Besteel Holdings Corp (XKRX:001430) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

45, Yanghwa-ro, 28th, 29th Floor, Seah Tower, Mapo-gu, Seoul, KOR, 121-841

Website

http://www.seahbesteel.co.kr

Seah Besteel Holdings Corp manufactures steel products for automotive, construction, industrial and energy industries. The company has divided its business into Special Steel, Heavy Forging, and Auto Parts divisions. Its products and services include steel for engine, transmission, chassis and spring steel, bearing steel, heavy forging, and rear axle assembly and axle housing. The company generates the majority of sales from the Special steel division.

Seah Besteel Holdings (XKRX:001430) Headlines

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