Jin Air Co (XKRX:272450) Debt-to-Equity : 1.72 (As of Mar. 2024)

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What is Jin Air Co Debt-to-Equity?

Jin Air Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩108,497 Mil. Jin Air Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩253,724 Mil. Jin Air Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩211,078 Mil. Jin Air Co's debt to equity for the quarter that ended in Mar. 2024 was 1.72.

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

XKRX:272450' s Debt-to-Equity Range Over the Past 10 Years
Min: -330.86 Med: 1.61 Max: 14.01
Current: 1.72

During the past 13 years, the highest Debt-to-Equity Ratio of Jin Air Co was 14.01. The lowest was -330.86. And the median was 1.61.

XKRX:272450's Debt-to-Equity is ranked worse than
84.13% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs XKRX:272450: 1.72

Jin Air Co Debt-to-Equity Historical Data

The historical data trend for Jin Air 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.

Jin Air Co Debt-to-Equity Chart

Jin Air Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.53

3.77

2.00

4.16

2.33

Jin Air 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															2.24	1.99	1.70	2.33	1.72

Competitive Comparison of Jin Air Co's Debt-to-Equity

For the Airlines subindustry, Jin Air 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.

Jin Air Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jin Air Co's Debt-to-Equity distribution charts can be found below:

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

Jin Air Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jin Air 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
	=	(101528.232	+	231670.165)	/	142987.687
	=	2.33

Jin Air 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
	=	(108497.485	+	253723.913)	/	211078.184
	=	1.72

Jin Air Co (XKRX:272450) 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.

Jin Air Co Debt-to-Equity Related Terms

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Jin Air Co (XKRX:272450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jin Air Co Ltd (XKRX:272450) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, 453 Gonghangdea-ro, Gangseogu, Seoul, KOR, 157-841

Website

http://www.jinair.com

Jin Air Co Ltd is a South Korea based company, engages in the provision of air transportation services. The company offers air transportation services through a fleet of aircraft also provides in-flight meals and commodities for third parties, as well as cargo transportation business. It provides domestic routes and international routes services.

Jin Air Co (XKRX:272450) Headlines

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