Apro Co (XKRX:262260) Debt-to-Equity : 1.31 (As of Mar. 2024)

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What is Apro Co Debt-to-Equity?

Apro Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩48,541 Mil. Apro Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩46,633 Mil. Apro Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩72,938 Mil. Apro Co's debt to equity for the quarter that ended in Mar. 2024 was 1.30.

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

XKRX:262260' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 1.31
Current: 1.31

During the past 7 years, the highest Debt-to-Equity Ratio of Apro Co was 1.31. The lowest was 0.00. And the median was 0.02.

XKRX:262260's Debt-to-Equity is ranked worse than
87.31% of 134 companies
in the Industrial Distribution industry
Industry Median: 0.51 vs XKRX:262260: 1.31

Apro Co Debt-to-Equity Historical Data

The historical data trend for Apro 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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Apro Co Debt-to-Equity Chart

Apro Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.01

0.03

0.57

Apro Co 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															0.07	0.12	0.30	0.57	1.31

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

For the Industrial Distribution subindustry, Apro 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.

Apro Co's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Apro Co's Debt-to-Equity distribution charts can be found below:

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

Apro Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Apro 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
	=	(30444.068	+	10505.085)	/	72519.312
	=	0.56

Apro 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
	=	(48540.964	+	46632.938)	/	72937.586
	=	1.30

Apro Co (XKRX:262260) 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.

Apro Co Debt-to-Equity Related Terms

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Apro Co (XKRX:262260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Apro Co Ltd (XKRX:262260) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60, LS-ro 115beon-gil, Gyeonggi-do, Gunpo-si, KOR

Website

http://www.aproele.com

Apro Co Ltd is a supplier of battery manufacturing equipment for secondary batteries. The company provides integrated solutions for battery applications such as electric vehicles and e-mobilities based on power conversion and control technology.

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