SMEC Co (XKRX:099440) Debt-to-Equity : 0.59 (As of Mar. 2024)

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What is SMEC Co Debt-to-Equity?

SMEC Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩61,277 Mil. SMEC Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩5,564 Mil. SMEC Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩113,529 Mil. SMEC Co's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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 SMEC Co's Debt-to-Equity or its related term are showing as below:

XKRX:099440' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.97 Max: 1.54
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of SMEC Co was 1.54. The lowest was 0.59. And the median was 0.97.

XKRX:099440's Debt-to-Equity is ranked worse than
71.8% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKRX:099440: 0.59

SMEC Co Debt-to-Equity Historical Data

The historical data trend for SMEC 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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SMEC Co Debt-to-Equity Chart

SMEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.03

1.21

1.54

0.97

0.66

SMEC 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															0.85	0.77	0.71	0.66	0.59

Competitive Comparison of SMEC Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, SMEC 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.

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

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

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

SMEC Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SMEC 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
	=	(64513.465	+	5902.227)	/	106807.511
	=	0.66

SMEC 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
	=	(61277.238	+	5564.46)	/	113528.992
	=	0.59

SMEC Co (XKRX:099440) 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.

SMEC Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of SMEC Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

SMEC Co (XKRX:099440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMEC Co Ltd (XKRX:099440) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Gasul-ri, Daesan-myeon, Changwon, Ulsan, Gyeongsangnam-do, KOR, 8231500-4800

Website

http://www.esmec.com

SMEC Co Ltd manufactures and sells machine tools, semiconductor and telecommunication equipment, robots, and laser equipment. The company offers machine tools, such as CNC lathes, machining center; parts; and robots associated with LCD production. It also provides network solutions, such as trunk, signaling, media, video, and IMS media gateways, as well as media gateway controllers, media resource function solutions, and session border controllers; LTE gateway solutions, including LTE SmallCell, evolved packet data, and trusted wireless access gateways; and WiFi solutions comprising WiFi access points and WiFi AP controllers. In addition, the company offers military satellite communication system; Internet of things; digital radio communication system solutions.

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