W-Scope Chungju Plant Co (XKRX:393890) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is W-Scope Chungju Plant 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. W-Scope Chungju Plant Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

W-Scope Chungju Plant Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.11). It may suggest that W-Scope Chungju Plant Co is progressively becoming more dependent on debt to grow their business.

W-Scope Chungju Plant Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for W-Scope Chungju Plant 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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W-Scope Chungju Plant Co LT-Debt-to-Total-Asset Chart

W-Scope Chungju Plant Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.15

0.02

0.08

W-Scope Chungju Plant Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.02	0.04	0.07	0.08	0.11

W-Scope Chungju Plant Co LT-Debt-to-Total-Asset Calculation

W-Scope Chungju Plant 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 )
	=	109666.636	/	1358510.063
	=	0.08

W-Scope Chungju Plant 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 )
	=	157378.591	/	1460379.726
	=	0.11

W-Scope Chungju Plant Co (XKRX:393890) 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.

W-Scope Chungju Plant Co LT-Debt-to-Total-Asset Related Terms

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W-Scope Chungju Plant Co (XKRX:393890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » W-Scope Chungju Plant Co Ltd (XKRX:393890) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shinagawa-ku, Tokyo, JPN

Website

https://wcp.kr

W-Scope Chungju Plant Co Ltd is engaged in the business of battery parts and materials for automobiles and energy storage.

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