Korea Aerospace Industries (XKRX:047810) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Korea Aerospace Industries 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. Korea Aerospace Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Korea Aerospace Industries's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.03). It may suggest that Korea Aerospace Industries is progressively becoming less dependent on debt to grow their business.

Korea Aerospace Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Korea Aerospace Industries'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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Korea Aerospace Industries LT-Debt-to-Total-Asset Chart

Korea Aerospace Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.13

0.19

0.08

0.03

Korea Aerospace Industries 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															0.08	0.03	0.03	0.03	0.03

Korea Aerospace Industries LT-Debt-to-Total-Asset Calculation

Korea Aerospace Industries'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 )
	=	233107.926	/	7139576.929
	=	0.03

Korea Aerospace Industries'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 )
	=	229528.856	/	7166480.53
	=	0.03

Korea Aerospace Industries (XKRX:047810) 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.

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Korea Aerospace Industries (XKRX:047810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Korea Aerospace Industries Ltd (XKRX:047810) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

802 Yucheon-Ri, Sanam-Myun, Sacheon-si, KOR, 664-942

Website

http://www.koreaaero.com

Korea Aerospace Industries Ltd is engaged in the manufacture and sale of aircraft in Korea. The company builds military aircraft for national defense and civil aircraft parts. Its products include Fixed wing aircrafts and Rotary wing aircraft. In addition, the company is involved in the maintenance, repair, and overhaul (MRO) services for aircrafts. The group distributes its products within Korean and to overseas markets. It is also involved in the Research and development of satellites.

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