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Nexen Tire (XKRX:002350) Debt-to-Revenue : 0.66 (As of Mar. 2024)


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What is Nexen Tire Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Nexen Tire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩892,604 Mil. Nexen Tire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩889,615 Mil. Nexen Tire's annualized Revenue for the quarter that ended in Mar. 2024 was ₩2,712,337 Mil. Nexen Tire's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.


Nexen Tire Debt-to-Revenue Historical Data

The historical data trend for Nexen Tire's Debt-to-Revenue 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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Nexen Tire Debt-to-Revenue Chart

Nexen Tire Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.82 0.66 0.64 0.66

Nexen Tire Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 0.69 0.68 0.65 0.66

Competitive Comparison of Nexen Tire's Debt-to-Revenue

For the Auto Parts subindustry, Nexen Tire's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Nexen Tire's Debt-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nexen Tire's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Nexen Tire's Debt-to-Revenue falls into.



Nexen Tire Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Nexen Tire's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(905308.767 + 864635.051) / 2701720.151
=0.66

Nexen Tire's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(892603.904 + 889615.324) / 2712337.368
=0.66

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Nexen Tire Debt-to-Revenue Related Terms

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Nexen Tire (XKRX:002350) Business Description

Traded in Other Exchanges
Address
355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR
Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

Nexen Tire (XKRX:002350) Headlines

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