Ajusteel Co (XKRX:139990) Debt-to-Equity : 2.34 (As of Mar. 2024)

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What is Ajusteel Co Debt-to-Equity?

Ajusteel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩256,209 Mil. Ajusteel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩262,160 Mil. Ajusteel Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩221,415 Mil. Ajusteel Co's debt to equity for the quarter that ended in Mar. 2024 was 2.34.

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

XKRX:139990' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.24 Max: 2.34
Current: 2.34

During the past 5 years, the highest Debt-to-Equity Ratio of Ajusteel Co was 2.34. The lowest was 0.60. And the median was 1.24.

XKRX:139990's Debt-to-Equity is ranked worse than
95.3% of 553 companies
in the Steel industry
Industry Median: 0.4 vs XKRX:139990: 2.34

Ajusteel Co Debt-to-Equity Historical Data

The historical data trend for Ajusteel 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.

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Ajusteel Co Debt-to-Equity Chart

Ajusteel Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.49

0.95

0.70

1.48

2.32

Ajusteel Co Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											1.77	2.06	2.21	2.32	2.34

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

For the Steel subindustry, Ajusteel 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.

Ajusteel Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ajusteel Co's Debt-to-Equity distribution charts can be found below:

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

Ajusteel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ajusteel 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
	=	(243122.598	+	268509.198)	/	220425.787
	=	2.32

Ajusteel 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
	=	(256209.146	+	262160.421)	/	221414.87
	=	2.34

Ajusteel Co (XKRX:139990) 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.

Ajusteel Co Debt-to-Equity Related Terms

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Ajusteel Co (XKRX:139990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ajusteel Co Ltd (XKRX:139990) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

321, 4-gongdan-ro, Gumi, Gyeongsangbuk-do, KOR

Website

http://www.ajusteel.com

Ajusteel Co Ltd is a steel company in Korea. It owns the full spectrum of manufacturing methods for designing steel surfaces. Its products include Texteel, SUSlike, Silk, pMCCL, Atex among others.

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