LG Chem (XKRX:051910) Debt-to-Equity : 0.68 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is LG Chem Debt-to-Equity?

LG Chem's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩7,077,782 Mil. LG Chem's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩14,850,332 Mil. LG Chem's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩32,192,605 Mil. LG Chem's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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 LG Chem's Debt-to-Equity or its related term are showing as below:

XKRX:051910' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.4 Max: 0.68
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of LG Chem was 0.68. The lowest was 0.19. And the median was 0.40.

XKRX:051910's Debt-to-Equity is ranked worse than
72.38% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs XKRX:051910: 0.68

LG Chem Debt-to-Equity Historical Data

The historical data trend for LG Chem'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.

* Premium members only.

LG Chem Debt-to-Equity Chart

LG Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.50

0.57

0.68

0.51

0.68

LG Chem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.56	0.60	0.67	0.68

Competitive Comparison of LG Chem's Debt-to-Equity

For the Chemicals subindustry, LG Chem'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.

LG Chem's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, LG Chem's Debt-to-Equity distribution charts can be found below:

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

LG Chem Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LG Chem'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
	=	(7077782	+	14850332)	/	32192605
	=	0.68

LG Chem's Debt to Equity Ratio for the quarter 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
	=	(7077782	+	14850332)	/	32192605
	=	0.68

LG Chem (XKRX:051910) 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.

LG Chem Debt-to-Equity Related Terms

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

LG Chem (XKRX:051910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LG Chem Ltd (XKRX:051910) » Definitions » Debt-to-Equity

Traded in Other Exchanges

051915:Korea

Address

LG Twin Towers, 128, Yeoui-daero, Youngdungpo-gu, Seoul, KOR, 150-721

Website

http://www.lgchem.com

LG Chem Ltd manufactures and sells a variety of chemicals, electronics, and energy storage products. The company operates in three major segments: Basic Materials & Chemicals, IT & Electronic Materials, and Energy Solutions. The Basic Materials & Chemicals segment, which generates the majority of revenue, sells plastics including naphtha, polyvinyl chloride (PVC), engineered plastics, and polyolefin, as well as rubber-based products. The IT & Electronic Materials segment sells a range of products that includes optical and circuit board materials. The Energy Solutions segment sells mobile and automotive batteries and energy storage systems. LG Corporation is the company's largest shareholder, owning around one third of outstanding shares. The majority of revenue comes from Asia.

LG Chem (XKRX:051910) Headlines

No Headlines