GRAVITY Co (GRAVITY Co) Debt-to-Equity

: 0.00 (As of Sep. 2023)

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GRAVITY Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil. GRAVITY Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil. GRAVITY Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $331.9 Mil. GRAVITY Co's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

GRVY's Debt-to-Equity is not ranked ^*
in the Interactive Media industry.
Industry Median: 0.16
* Ranked among companies with meaningful Debt-to-Equity only.

GRAVITY Co Debt-to-Equity Historical Data

The historical data trend for GRAVITY 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.

GRAVITY Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

GRAVITY Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																-	-	-	-	-

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, GRAVITY 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.

GRAVITY Co Debt-to-Equity Distribution

For the Interactive Media industry and Communication Services sector, GRAVITY Co's Debt-to-Equity distribution charts can be found below:

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

GRAVITY Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GRAVITY 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
	=	(0	+	0)	/	355.021
	=	0.00

GRAVITY Co'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
	=	(0	+	0)	/	331.918
	=	0.00

GRAVITY Co (NAS:GRVY) 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.

GRAVITY Co Debt-to-Equity Related Terms

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GRAVITY Co (GRAVITY Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GRAVITY Co Ltd (NAS:GRVY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GD8A:Germany

Address

15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925

Website

https://www.gravity.co.kr

GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. Its principal product, Ragnarok Online, is an online game which is available in more than 91 markets. Its games include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation.