Hyundai Glovis Co (XKRX:086280) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Hyundai Glovis Co Debt-to-Equity?

Hyundai Glovis Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,541,999 Mil. Hyundai Glovis Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,942,652 Mil. Hyundai Glovis Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩7,755,368 Mil. Hyundai Glovis Co's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

XKRX:086280' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.53 Max: 0.62
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Hyundai Glovis Co was 0.62. The lowest was 0.40. And the median was 0.53.

XKRX:086280's Debt-to-Equity is ranked better than
57.03% of 882 companies
in the Transportation industry
Industry Median: 0.545 vs XKRX:086280: 0.45

Hyundai Glovis Co Debt-to-Equity Historical Data

The historical data trend for Hyundai Glovis 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.

* Premium members only.

Hyundai Glovis Co Debt-to-Equity Chart

Hyundai Glovis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.62

0.53

0.50

0.45

Hyundai Glovis Co 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															0.50	0.53	0.45	0.47	0.45

Competitive Comparison of Hyundai Glovis Co's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Hyundai Glovis 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.

Hyundai Glovis Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hyundai Glovis Co's Debt-to-Equity distribution charts can be found below:

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

Hyundai Glovis Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hyundai Glovis 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
	=	(1541999.067	+	1942651.614)	/	7755368.128
	=	0.45

Hyundai Glovis Co'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
	=	(1541999.067	+	1942651.614)	/	7755368.128
	=	0.45

Hyundai Glovis Co (XKRX:086280) 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.

Hyundai Glovis Co Debt-to-Equity Related Terms

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Hyundai Glovis Co (XKRX:086280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hyundai Glovis Co Ltd (XKRX:086280) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, Teheran-ro, Gangnam-gu, Seoul, KOR

Website

http://www.glovis.net

Hyundai Glovis Co Ltd is engaged in the comprehensive logistics business. The company offers vehicle transportation services, storage services, inbound and outbound logistics, domestic logistics services, general cargo, military logistics, and consulting services. It offers services to industries including steel, machinery, heavy industries, chemical, energy, and construction. The company provides systematic information on tracking, detention, estimated time of arrival through inbound and outbound logistics system.

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