Hanon Systems (XKRX:018880) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Hanon Systems 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. Hanon Systems's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Hanon Systems's long-term debt to total assets ratio increased from Mar. 2023 (0.24) to Mar. 2024 (0.31). It may suggest that Hanon Systems is progressively becoming more dependent on debt to grow their business.

Hanon Systems LT-Debt-to-Total-Asset Historical Data

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

Hanon Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.32

0.31

0.25

0.29

Hanon Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.27	0.28	0.29	0.31

Hanon Systems LT-Debt-to-Total-Asset Calculation

Hanon Systems'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 )
	=	2679147.11	/	9244404.434
	=	0.29

Hanon Systems'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 )
	=	3017210.85	/	9783009.565
	=	0.31

Hanon Systems (XKRX:018880) 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.

Hanon Systems LT-Debt-to-Total-Asset Related Terms

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Hanon Systems (XKRX:018880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hanon Systems (XKRX:018880) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

95, Sinilseo-ro, Daedeok-gu, Daejeon, KOR

Website

http://www.hanonsystems.com

Hanon Systems offers a wide range of thermal and energy management solutions. The company supplies products and systems for automotive applications including heating ventilation and air conditioning; powertrain cooling; compressors; fluid transport; and thermal and emissions solutions for conventional, electric, hybrid, fuel cell and autonomous vehicles. Business operations of the company are functioned through Europe, India, Thailand, South Africa, China, Korea, Japan, and the Americas. Also, the company manufactures and supplies components and systems for electrical machines and other industries.

Hanon Systems (XKRX:018880) Headlines

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