Hydro Lithium (XKRX:101670) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Hydro Lithium 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. Hydro Lithium's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Hydro Lithium's long-term debt to total assets ratio declined from Mar. 2023 (0.50) to Mar. 2024 (0.06). It may suggest that Hydro Lithium is progressively becoming less dependent on debt to grow their business.

Hydro Lithium LT-Debt-to-Total-Asset Historical Data

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

Hydro Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.50

0.27

Hydro Lithium 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															0.50	0.54	0.48	0.27	0.06

Hydro Lithium LT-Debt-to-Total-Asset Calculation

Hydro Lithium'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 )
	=	27607.639	/	102181.314
	=	0.27

Hydro Lithium'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 )
	=	6229.339	/	98352.847
	=	0.06

Hydro Lithium (XKRX:101670) 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.

Hydro Lithium LT-Debt-to-Total-Asset Related Terms

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Hydro Lithium (XKRX:101670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hydro Lithium Inc (XKRX:101670) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

744-27 Moonhyung-ri, Opo-eup, Gyangju, KOR, 464-894

Website

http://www.korease.co.kr

Hydro Lithium Inc is a Korea-based company mainly engaged in the manufacture of construction supplies. The company's products include permanent anchors, which are used for slope reinforcement; tie cables, which are used for falsework protection; caisson lift lugs, which are used for caisson manufacturing; bridge stay cables, which are used for overhead walkways, as well as prestressed anchor panel (PAP) retaining walls, which are used for slope reinforcement.

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