Dongbang Ship Machinery Co (XKRX:099410) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Dongbang Ship Machinery 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. Dongbang Ship Machinery Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Dongbang Ship Machinery Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.17). It may suggest that Dongbang Ship Machinery Co is progressively becoming more dependent on debt to grow their business.

Dongbang Ship Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dongbang Ship Machinery 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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Dongbang Ship Machinery Co LT-Debt-to-Total-Asset Chart

Dongbang Ship Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Dongbang Ship Machinery 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															-	-	-	-	0.17

Dongbang Ship Machinery Co LT-Debt-to-Total-Asset Calculation

Dongbang Ship Machinery 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 )
	=	12.356	/	45843.65
	=	0.00

Dongbang Ship Machinery 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 )
	=	8010.992	/	46893.658
	=	0.17

Dongbang Ship Machinery Co (XKRX:099410) 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.

Dongbang Ship Machinery Co LT-Debt-to-Total-Asset Related Terms

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Dongbang Ship Machinery Co (XKRX:099410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Dongbang Ship Machinery Co Ltd (XKRX:099410) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

414-2 Jukgok-Dong, Jinhae, Kyungnam, KOR

Website

http://www.dongbangsm.co.kr

Dongbang Ship Machinery Co Ltd is a Korea based company operating in the shipbuilding industry. It manufactures various parts for ships and also provides repair services. The company operates in the business areas of Plumbing, Painting and Major customers. In Plumbing business, the company offers steel pipe spool, module unit, heating coil, and other parts.

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