Korea Refractories Co (XKRX:010040) Debt-to-Equity : 0.30 (As of Mar. 2024)

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What is Korea Refractories Co Debt-to-Equity?

Korea Refractories Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩39,993 Mil. Korea Refractories Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩16,928 Mil. Korea Refractories Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩191,100 Mil. Korea Refractories Co's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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

XKRX:010040' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.29 Max: 0.74
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Korea Refractories Co was 0.74. The lowest was 0.13. And the median was 0.29.

XKRX:010040's Debt-to-Equity is ranked worse than
50.95% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKRX:010040: 0.30

Korea Refractories Co Debt-to-Equity Historical Data

The historical data trend for Korea Refractories 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.

Korea Refractories Co Debt-to-Equity Chart

Korea Refractories Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.13

0.16

0.28

Korea Refractories 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															0.19	0.20	0.19	0.28	0.30

Competitive Comparison of Korea Refractories Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Korea Refractories 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.

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

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

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

Korea Refractories Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korea Refractories 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
	=	(30266.946	+	26828.417)	/	205716.398
	=	0.28

Korea Refractories 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
	=	(39993.298	+	16928.292)	/	191099.846
	=	0.30

Korea Refractories Co (XKRX:010040) 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.

Korea Refractories Co Debt-to-Equity Related Terms

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Korea Refractories Co (XKRX:010040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Korea Refractories Co Ltd (XKRX:010040) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

386-14 Gagok-ri, Songsan-myeon, Dangjin-gun, Chungnam, KOR, 343-831

Website

http://www.fskrc.co.kr

Korea Refractories Co Ltd is involved in developing and manufacturing refractories and furnaces in South Korea. Its refractories include shaped refractories, such as firing and non-firing refractories; and monolithic refractories, including castable refractories, plastic refractories, and mortars. The company's industrial furnaces comprise ferrous metal furnaces, such as metal heating furnaces and metal heat treatment furnaces; non-ferrous metal furnaces, including aluminum melting and holding furnaces, aluminum heat treatment furnaces, and copper heat treatment furnaces; and other furnaces.

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