KIS Wire (XKRX:002240) Debt-to-Asset : 0.10 (As of Dec. 2023)

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What is KIS Wire Debt-to-Asset?

KIS Wire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩185,317 Mil. KIS Wire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩49,134 Mil. KIS Wire's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ₩2,451,281 Mil. KIS Wire's debt to asset for the quarter that ended in Dec. 2023 was 0.10.

KIS Wire Debt-to-Asset Historical Data

The historical data trend for KIS Wire's Debt-to-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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KIS Wire Debt-to-Asset Chart

KIS Wire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.17

0.14

0.15

0.10

KIS Wire Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.15	0.14	0.12	0.11	0.10

Competitive Comparison of KIS Wire's Debt-to-Asset

For the Steel subindustry, KIS Wire's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

KIS Wire's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, KIS Wire's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where KIS Wire's Debt-to-Asset falls into.

KIS Wire Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

KIS Wire's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(185317.071	+	49133.912)	/	2451280.644
	=	0.10

KIS Wire's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(185317.071	+	49133.912)	/	2451280.644
	=	0.10

KIS Wire (XKRX:002240) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

KIS Wire Debt-to-Asset Related Terms

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KIS Wire (XKRX:002240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » KIS Wire Ltd (XKRX:002240) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

37, Gurak-ro 141beon-gil, Suyeong-gu, Busan, KOR

Website

http://www.kiswire.com

KIS Wire Ltd is in the business of manufacturing secondary steel products such as wire and wire ropes. Its products include oil tempered wire, spring wire, tire reinforcement, house wire, bridge cable, galvanized steel wire, computer wire, wire rope, superconductive wire, etc. The company mainly operates in Korea, Malaysia, and China. It sells its products to automotive, construction, machinery, bridge, energy, fishing and semi-conductor industries.

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