Cubic Korea (XKRX:021650) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Cubic Korea Debt-to-Equity?

Cubic Korea's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩20,604 Mil. Cubic Korea's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩4,564 Mil. Cubic Korea's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩87,647 Mil. Cubic Korea's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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

XKRX:021650' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.61 Max: 0.93
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Cubic Korea was 0.93. The lowest was 0.28. And the median was 0.61.

XKRX:021650's Debt-to-Equity is ranked better than
57.86% of 916 companies
in the Business Services industry
Industry Median: 0.385 vs XKRX:021650: 0.29

Cubic Korea Debt-to-Equity Historical Data

The historical data trend for Cubic Korea'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.

Cubic Korea Debt-to-Equity Chart

Cubic Korea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.51

0.34

0.31

0.29

Cubic Korea 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															0.32	0.28	0.31	0.29	0.29

Competitive Comparison of Cubic Korea's Debt-to-Equity

For the Specialty Business Services subindustry, Cubic Korea'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.

Cubic Korea's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cubic Korea's Debt-to-Equity distribution charts can be found below:

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

Cubic Korea Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cubic Korea'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
	=	(20523.3	+	4865.699)	/	86496.301
	=	0.29

Cubic Korea'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
	=	(20603.854	+	4564.144)	/	87647.387
	=	0.29

Cubic Korea (XKRX:021650) 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.

Cubic Korea Debt-to-Equity Related Terms

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

Cubic Korea (XKRX:021650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cubic Korea Inc (XKRX:021650) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

39, Salmak-gil, Danwon-gu, Gyeonggi-do, Ansan, KOR, 425-839

Website

http://www.cubic.co.kr

Cubic Korea Inc is a Korea based company that offers water printing products using a variety of patterns and colors in the pressure range of products the material surface. The company supplies the products to automobile companies. The company has a business presence in Korea and other international countries. Water Printing products even have an application on three-dimensional surfaces, special film with automotive interior materials, exterior materials, home appliances household goods, interior and others.

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