Kangwon Land (XKRX:035250) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Kangwon Land Debt-to-Equity?

Kangwon Land's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩2,188 Mil. Kangwon Land's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩54,933 Mil. Kangwon Land's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩3,677,902 Mil. Kangwon Land's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Kangwon Land's Debt-to-Equity or its related term are showing as below:

XKRX:035250' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.02
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Kangwon Land was 0.02. The lowest was 0.02. And the median was 0.02.

XKRX:035250's Debt-to-Equity is ranked better than
95.52% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs XKRX:035250: 0.02

Kangwon Land Debt-to-Equity Historical Data

The historical data trend for Kangwon Land'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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Kangwon Land Debt-to-Equity Chart

Kangwon Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

Kangwon Land 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															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Kangwon Land's Debt-to-Equity

For the Resorts & Casinos subindustry, Kangwon Land'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.

Kangwon Land's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kangwon Land's Debt-to-Equity distribution charts can be found below:

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

Kangwon Land Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kangwon Land'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
	=	(2188.04	+	54933.392)	/	3677902.2
	=	0.02

Kangwon Land'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
	=	(2188.04	+	54933.392)	/	3677902.2
	=	0.02

Kangwon Land (XKRX:035250) 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.

Kangwon Land Debt-to-Equity Related Terms

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

Kangwon Land (XKRX:035250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kangwon Land Inc (XKRX:035250) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 High1-Gil Sabuk-Eup, Jeongsun-Kun, Gangwon, KOR

Website

http://www.high1.com

Kangwon Land Inc is a casino and resort company. The business has six business segments that include Casino, Hotel, Holiday Unit, Golf Course, Skiing Ground, and Other. Kangwon operates numerous resorts and casinos that have table games and slot machines. The company's resorts also have condominium units. The Golf Course segment generates revenue from courses the company has built around its resorts. The Skiing Grounds segment is engaged in skiing tickets and rentals through the company's integrated ski resort. The Other business segment controls interests such as Kangwon's theme park. Kangwon Land generates the vast majority of its revenue in South Korea.

Kangwon Land (XKRX:035250) Headlines

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