Karo Leather (XPRA:KARIN) Debt-to-Equity : 0.59 (As of Dec. 2022)

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What is Karo Leather Debt-to-Equity?

Karo Leather's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was Kč137.8 Mil. Karo Leather's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was Kč65.6 Mil. Karo Leather's Total Stockholders Equity for the quarter that ended in Dec. 2022 was Kč344.3 Mil. Karo Leather's debt to equity for the quarter that ended in Dec. 2022 was 0.59.

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 Karo Leather's Debt-to-Equity or its related term are showing as below:

XPRA:KARIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 1.04 Max: 1.06
Current: 0.59

During the past 5 years, the highest Debt-to-Equity Ratio of Karo Leather was 1.06. The lowest was 0.59. And the median was 1.04.

XPRA:KARIN's Debt-to-Equity is ranked worse than
58.76% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs XPRA:KARIN: 0.59

Karo Leather Debt-to-Equity Historical Data

The historical data trend for Karo Leather'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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Karo Leather Debt-to-Equity Chart

Karo Leather Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.04

1.06

0.59

Karo Leather Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	-	-	1.04	1.06	0.59

Competitive Comparison of Karo Leather's Debt-to-Equity

For the Textile Manufacturing subindustry, Karo Leather'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.

Karo Leather's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Karo Leather's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Karo Leather's Debt-to-Equity falls into.

Karo Leather Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Karo Leather's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(137.836	+	65.638)	/	344.298
	=	0.59

Karo Leather's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(137.836	+	65.638)	/	344.298
	=	0.59

Karo Leather (XPRA:KARIN) 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.

Karo Leather Debt-to-Equity Related Terms

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

Karo Leather (XPRA:KARIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karo Leather (XPRA:KARIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rohanske nabrezi 642/35, Prague, CZE, 186 00

Website

https://www.karo-leather.com

Karo Leather is engaged in machine processing and trading of leather for the furniture industry and selling of cowhides. Its products include sells buffalo, cowhide products; and upholstery leather. It markets products in European Union countries, especially Poland.

Karo Leather (XPRA:KARIN) Headlines

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