Kakao (XKRX:035720) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Kakao 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. Kakao's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Kakao's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.00). It may suggest that Kakao is progressively becoming less dependent on debt to grow their business.

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

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

Kakao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.05

0.08

0.12

0.10

Kakao 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															0.10	0.10	0.09	0.10	-

Kakao LT-Debt-to-Total-Asset Calculation

Kakao'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 )
	=	2576486.589	/	25179968.939
	=	0.10

Kakao'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 )
	=	0	/	25659029.895
	=	0.00

Kakao (XKRX:035720) 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.

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

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Kakao (XKRX:035720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kakao Corp (XKRX:035720) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

242, Cheomdan-ro, Jeju-si, Jeju, KOR

Website

http://www.kakaocorp.com

Kakao operates the largest mobile messaging app in South Korea, Kakao Talk. The company aims to help its users connect with everything and has been expanding its content and services through self-development and mergers and acquisitions. Kakao merged with the second- largest Internet search portal, Daum, in 2014, and it acquired leading music streaming service provider Loen Entertainment in 2016.

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