Daedong Metals Co (XKRX:020400) Debt-to-Equity : 0.44 (As of Mar. 2024)

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What is Daedong Metals Co Debt-to-Equity?

Daedong Metals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩22,580 Mil. Daedong Metals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩23 Mil. Daedong Metals Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩51,437 Mil. Daedong Metals Co's debt to equity for the quarter that ended in Mar. 2024 was 0.44.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Daedong Metals Co's Debt-to-Equity or its related term are showing as below:

XKRX:020400' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.73 Max: 1.19
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Daedong Metals Co was 1.19. The lowest was 0.32. And the median was 0.73.

XKRX:020400's Debt-to-Equity is ranked worse than
62.84% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKRX:020400: 0.44

Daedong Metals Co Debt-to-Equity Historical Data

The historical data trend for Daedong Metals Co's Debt-to-Equity 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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Daedong Metals Co Debt-to-Equity Chart

Daedong Metals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.97

0.59

0.41

0.33

Daedong Metals Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.34	0.32	0.33	0.44

Competitive Comparison of Daedong Metals Co's Debt-to-Equity

For the Metal Fabrication subindustry, Daedong Metals Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Daedong Metals Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Daedong Metals Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Daedong Metals Co's Debt-to-Equity falls into.

Daedong Metals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daedong Metals Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(17405.282	+	27.558)	/	52438.294
	=	0.33

Daedong Metals Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(22579.861	+	22.672)	/	51437.179
	=	0.44

Daedong Metals Co (XKRX:020400) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Daedong Metals Co Debt-to-Equity Related Terms

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Daedong Metals Co (XKRX:020400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daedong Metals Co Ltd (XKRX:020400) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Nongong-ro, Nongong-eub, Dalsung -gun, Daegu, KOR

Website

http://www.daedongmetals.co.kr

Daedong Metals Co Ltd is engaged in producing and selling casting parts for agricultural machinery, heavy equipment, and automotive markets in South Korea. Its automotive parts include cylinder heads and blocks; agricultural machinery parts comprise cylinder heads and blocks, clutch housings, middle cases, transmission cases, and hydraulic cylinders; and construction equipment parts consist of valve blocks, MCVs, shaft, and valve casings, cylinder blocks, and main and pump cases. The company also offers other parts, such as housings and flywheel housings.

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