Chosun Refractories Co spin off (XKRX:462520) Debt-to-Equity : 0.34 (As of Sep. 2023)

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What is Chosun Refractories Co spin off Debt-to-Equity?

Chosun Refractories Co spin off's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₩66,270 Mil. Chosun Refractories Co spin off's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₩580 Mil. Chosun Refractories Co spin off's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₩197,515 Mil. Chosun Refractories Co spin off's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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 Chosun Refractories Co spin off's Debt-to-Equity or its related term are showing as below:

XKRX:462520's Debt-to-Equity is not ranked ^*
in the Building Materials industry.
Industry Median: 0.38
* Ranked among companies with meaningful Debt-to-Equity only.

Chosun Refractories Co spin off Debt-to-Equity Historical Data

The historical data trend for Chosun Refractories Co spin off'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.

Chosun Refractories Co spin off Debt-to-Equity Chart

Chosun Refractories Co spin off Annual Data

Trend

Dec23

Debt-to-Equity

0.67

Chosun Refractories Co spin off Semi-Annual Data
	Sep23
Debt-to-Equity	0.34

Competitive Comparison of Chosun Refractories Co spin off's Debt-to-Equity

For the Building Materials subindustry, Chosun Refractories Co spin off'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.

Chosun Refractories Co spin off's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chosun Refractories Co spin off's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chosun Refractories Co spin off's Debt-to-Equity falls into.

Chosun Refractories Co spin off Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chosun Refractories Co spin off'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
	=	(141277.24	+	790.793)	/	212813.886
	=	0.67

Chosun Refractories Co spin off's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(66269.771	+	580.224)	/	197514.834
	=	0.34

Chosun Refractories Co spin off (XKRX:462520) 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.

Chosun Refractories Co spin off Debt-to-Equity Related Terms

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Chosun Refractories Co spin off (XKRX:462520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chosun Refractories Co Ltd spin off (XKRX:462520) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

55 Saneop-ro, Jeollanam-do, Taein-dong, Gwangyang-si, KOR

Website

http://www.chosunref.co.kr

Chosun Refractories Co Ltd spin off manufactures general-purpose products and high-functionality products (refractories for continuous casting, special refractories) based on domestic production facilities. Its product offerings comprise Shaped and unshaped refractories, Special alumina bricks, high alumina bricks, casting blocks, castable refractories, metal plating/ shaft alleys for the mortar production refractories industry, technical service for the refractories industry, and manufacturing of industrial furnaces.

Chosun Refractories Co spin off (XKRX:462520) Headlines

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