Daejoo Electronic Materials Co (XKRX:078600) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Daejoo Electronic Materials Co 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. Daejoo Electronic Materials Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Daejoo Electronic Materials Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.06). It may suggest that Daejoo Electronic Materials Co is progressively becoming more dependent on debt to grow their business.

Daejoo Electronic Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Daejoo Electronic Materials Co'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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Daejoo Electronic Materials Co LT-Debt-to-Total-Asset Chart

Daejoo Electronic Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.19

0.24

Daejoo Electronic Materials Co 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															-	-	-	-	0.06

Daejoo Electronic Materials Co LT-Debt-to-Total-Asset Calculation

Daejoo Electronic Materials Co'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 )
	=	269.3	/	413411.034
	=	0.00

Daejoo Electronic Materials Co'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 )
	=	27279.063	/	456576.829
	=	0.06

Daejoo Electronic Materials Co (XKRX:078600) 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.

Daejoo Electronic Materials Co LT-Debt-to-Total-Asset Related Terms

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Daejoo Electronic Materials Co (XKRX:078600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daejoo Electronic Materials Co Ltd (XKRX:078600) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

148, Seohaean-Ro, Siheung, KOR, 429-848

Website

http://www.daejoo.co.kr

Daejoo Electronic Materials Co Ltd manufactures and markets various materials for electronic components in South Korea. Its products include conductive paste, solar-cell paste, phosphor, polymer materials, lithium-ion battery anode materials, metal powder, glass materials, OLED materials, and graphene.

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