Phil Energy Co (XKRX:378340) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Phil Energy 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. Phil Energy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Phil Energy Co's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Mar. 2024 (0.05). It may suggest that Phil Energy Co is progressively becoming less dependent on debt to grow their business.

Phil Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phil Energy 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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Phil Energy Co LT-Debt-to-Total-Asset Chart

Phil Energy Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.14

0.18

0.04

Phil Energy Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.18	0.17	0.05	0.04	0.05

Phil Energy Co LT-Debt-to-Total-Asset Calculation

Phil Energy 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 )
	=	10455.848	/	249849.612
	=	0.04

Phil Energy 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 )
	=	9900.051	/	219353.195
	=	0.05

Phil Energy Co (XKRX:378340) 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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Phil Energy Co (XKRX:378340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phil Energy Co Ltd (XKRX:378340) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-19 Jigotjungang-ro, Gyeonggi-do, Osan-si, KOR

Website

http://www.philenergy.co.kr

Phil Energy Co Ltd specializes in equipment for the manufacture of secondary batteries. It supplies various machinery equipment needed in all areas of the secondary battery assembly process, next-generation batteries, and fuel cells. It offers Stacking facility, Laser notching facilities, Tab Welding Facility, and Can Insert Facility.

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