Micro Digital Co (XKRX:305090) Debt-to-Equity : 1.69 (As of Mar. 2024)

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What is Micro Digital Co Debt-to-Equity?

Micro Digital Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩12,717 Mil. Micro Digital Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩5,894 Mil. Micro Digital Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩11,013 Mil. Micro Digital Co's debt to equity for the quarter that ended in Mar. 2024 was 1.69.

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

XKRX:305090' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 1.13 Max: 3.21
Current: 1.69

During the past 8 years, the highest Debt-to-Equity Ratio of Micro Digital Co was 3.21. The lowest was 0.05. And the median was 1.13.

XKRX:305090's Debt-to-Equity is ranked worse than
94.14% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs XKRX:305090: 1.69

Micro Digital Co Debt-to-Equity Historical Data

The historical data trend for Micro Digital 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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Micro Digital Co Debt-to-Equity Chart

Micro Digital Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

1.13

0.94

2.61

1.58

Micro Digital 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															2.86	3.21	2.90	1.58	1.69

Competitive Comparison of Micro Digital Co's Debt-to-Equity

For the Medical Devices subindustry, Micro Digital 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.

Micro Digital Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micro Digital Co's Debt-to-Equity distribution charts can be found below:

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

Micro Digital Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Micro Digital 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
	=	(10379.527	+	3397.247)	/	8716.569
	=	1.58

Micro Digital 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
	=	(12717.223	+	5894.018)	/	11013.249
	=	1.69

Micro Digital Co (XKRX:305090) 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.

Micro Digital Co Debt-to-Equity Related Terms

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

Micro Digital Co (XKRX:305090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro Digital Co Ltd (XKRX:305090) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Pangyo-ro 228 Beon-gil, Bundang-gu, CS 7th floor, Seongnam-si, KOR, 13487

Website

http://www.md-best.com

Micro Digital Co Ltd is a South Korea based company involved in providing systems for biomedical and environment industry. Its product portfolio includes Fully Automatic Immuno Analyzer, Integrated Sample Banking Solution, Microplate Luminometer, Nano Spectrophotometer and Biomass Desiccation and Pulverization System.

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