Daeho AL Co (XKRX:069460) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Daeho AL Co Debt-to-Equity?

Daeho AL Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩42,343 Mil. Daeho AL Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩24 Mil. Daeho AL Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩94,617 Mil. Daeho AL Co's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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

XKRX:069460' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 1.86 Max: 3.16
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Daeho AL Co was 3.16. The lowest was 0.40. And the median was 1.86.

XKRX:069460's Debt-to-Equity is ranked worse than
72.18% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XKRX:069460: 0.45

Daeho AL Co Debt-to-Equity Historical Data

The historical data trend for Daeho AL 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.

Daeho AL Co Debt-to-Equity Chart

Daeho AL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.48

2.07

0.89

0.86

0.40

Daeho AL 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															0.72	0.58	0.40	0.40	0.45

Competitive Comparison of Daeho AL Co's Debt-to-Equity

For the Aluminum subindustry, Daeho AL 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.

Daeho AL Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Daeho AL Co's Debt-to-Equity distribution charts can be found below:

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

Daeho AL Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daeho AL 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
	=	(37376.64	+	35.557)	/	94727.342
	=	0.39

Daeho AL 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
	=	(42343.183	+	23.898)	/	94616.744
	=	0.45

Daeho AL Co (XKRX:069460) 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.

Daeho AL Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Daeho AL Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Daeho AL Co (XKRX:069460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daeho AL Co Ltd (XKRX:069460) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1-44, Buk-ri, Nongong-eup, Dalseong-gun, Daegu, KOR, 711-857

Website

http://www.daeho-al.com

Daeho AL Co Ltd is engaged in producing and selling various aluminum products in South Korea. It offers aluminum coils and sheets that are used as material for various industries, such as LCD, PDP, PDA, mobile phone and vehicle; circle sheets for use in kitchen utensil industries. The company also offers special steel materials for use in the construction, as well as products for nano and bio industries.

Daeho AL Co (XKRX:069460) Headlines

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