Firstec Co (XKRX:010820) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Firstec Co Debt-to-Equity?

Firstec Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩244 Mil. Firstec Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩6,381 Mil. Firstec Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩62,336 Mil. Firstec Co's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

XKRX:010820' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.46 Max: 0.7
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Firstec Co was 0.70. The lowest was 0.05. And the median was 0.46.

XKRX:010820's Debt-to-Equity is ranked better than
80.31% of 259 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs XKRX:010820: 0.11

Firstec Co Debt-to-Equity Historical Data

The historical data trend for Firstec 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.

Firstec Co Debt-to-Equity Chart

Firstec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.68

0.08

0.05

0.21

0.11

Firstec 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															0.21	0.13	0.11	0.12	0.11

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

For the Aerospace & Defense subindustry, Firstec 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.

Firstec Co's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firstec Co's Debt-to-Equity distribution charts can be found below:

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

Firstec Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firstec 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
	=	(244.375	+	6381.424)	/	62336.376
	=	0.11

Firstec 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
	=	(244.375	+	6381.424)	/	62336.376
	=	0.11

Firstec Co (XKRX:010820) 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.

Firstec Co Debt-to-Equity Related Terms

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

Firstec Co (XKRX:010820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firstec Co Ltd (XKRX:010820) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

485, Nammyeon-ro, Seongsan-gu, Gyeongsangnam-do, Changwon-si, KOR, 135-090

Website

http://www.firsteccom.co.kr

Firstec Co Ltd is a Korea based company engaged in the business of manufacturing of weapons and gun shells. It offers products for aerospace, guided weapons, ground weapons, maritime weapons and unmanned systems. The products offered by the organization are environmental control system, actuation system, guidance control system, fire control system, instrument panels, cables, slip ring, gear box, radar components, safety firing assembly, mine layer, navigation device, UAV and others.

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