Mirai Semiconductors Co (XKRX:254490) Debt-to-Equity : 0.59 (As of Mar. 2024)

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What is Mirai Semiconductors Co Debt-to-Equity?

Mirai Semiconductors Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩37,427 Mil. Mirai Semiconductors Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩11,250 Mil. Mirai Semiconductors Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩82,438 Mil. Mirai Semiconductors Co's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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

XKRX:254490' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.68 Max: 1.34
Current: 0.59

During the past 3 years, the highest Debt-to-Equity Ratio of Mirai Semiconductors Co was 1.34. The lowest was 0.58. And the median was 0.68.

XKRX:254490's Debt-to-Equity is ranked worse than
74.32% of 876 companies
in the Semiconductors industry
Industry Median: 0.26 vs XKRX:254490: 0.59

Mirai Semiconductors Co Debt-to-Equity Historical Data

The historical data trend for Mirai Semiconductors 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.

Mirai Semiconductors Co Debt-to-Equity Chart

Mirai Semiconductors Co Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.21

1.20

0.96

Mirai Semiconductors Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						0.68	0.68	0.63	0.58	0.59

Competitive Comparison of Mirai Semiconductors Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Mirai Semiconductors 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.

Mirai Semiconductors Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mirai Semiconductors Co's Debt-to-Equity distribution charts can be found below:

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

Mirai Semiconductors Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mirai Semiconductors Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(17978.809	+	33915.609)	/	54351.184
	=	0.95

Mirai Semiconductors 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
	=	(37427.304	+	11249.997)	/	82437.501
	=	0.59

Mirai Semiconductors Co (XKRX:254490) 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.

Mirai Semiconductors Co Debt-to-Equity Related Terms

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Mirai Semiconductors Co (XKRX:254490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mirai Semiconductors Co Ltd (XKRX:254490) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

15, Gyeongin-ro 53-gil, 4403, Na-dong, Guro-gu, Seoul, KOR, 08217

Website

http://www.miraisemi.co.kr

Mirai Semiconductors Co Ltd is engaged in the semiconductors and related device business. It offers SD card, MSD card, card, memory card, flash, dram, EMMC, SSD, wafer and other products.

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