Asiana Airlines (XKRX:020560) Debt-to-Equity : 14.20 (As of Mar. 2024)

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What is Asiana Airlines Debt-to-Equity?

Asiana Airlines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩2,532,016 Mil. Asiana Airlines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩4,489,947 Mil. Asiana Airlines's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩494,512 Mil. Asiana Airlines's debt to equity for the quarter that ended in Mar. 2024 was 14.20.

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 Asiana Airlines's Debt-to-Equity or its related term are showing as below:

XKRX:020560' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.96 Med: 6.33 Max: 68.85
Current: 14.2

During the past 13 years, the highest Debt-to-Equity Ratio of Asiana Airlines was 68.85. The lowest was 2.96. And the median was 6.33.

XKRX:020560's Debt-to-Equity is ranked worse than
98.42% of 884 companies
in the Transportation industry
Industry Median: 0.565 vs XKRX:020560: 14.20

Asiana Airlines Debt-to-Equity Historical Data

The historical data trend for Asiana Airlines'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.

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Asiana Airlines Debt-to-Equity Chart

Asiana Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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9.85

8.20

16.04

11.19

9.80

Asiana Airlines 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															12.68	13.03	14.01	9.80	14.20

Competitive Comparison of Asiana Airlines's Debt-to-Equity

For the Airlines subindustry, Asiana Airlines'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.

Asiana Airlines's Debt-to-Equity Distribution in the Transportation Industry

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

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

Asiana Airlines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asiana Airlines'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
	=	(2464555.882	+	4200740.106)	/	680006.234
	=	9.80

Asiana Airlines'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
	=	(2532016.286	+	4489946.601)	/	494512.061
	=	14.20

Asiana Airlines (XKRX:020560) 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.

Asiana Airlines Debt-to-Equity Related Terms

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

Asiana Airlines (XKRX:020560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asiana Airlines Inc (XKRX:020560) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asiana Town KangseoNo 47, PO Box 98 Osae-Dong, Kangseo-ku, Seoul, KOR, 157-731

Website

http://www.flyasiana.com

Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.

Asiana Airlines (XKRX:020560) Headlines

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