Binggrae Co (XKRX:005180) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Binggrae Co Debt-to-Equity?

Binggrae Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩15,251 Mil. Binggrae Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩32,381 Mil. Binggrae Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩641,598 Mil. Binggrae Co's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

XKRX:005180' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Binggrae Co was 0.07. The lowest was 0.01. And the median was 0.02.

XKRX:005180's Debt-to-Equity is ranked better than
85.65% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.405 vs XKRX:005180: 0.07

Binggrae Co Debt-to-Equity Historical Data

The historical data trend for Binggrae 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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Binggrae Co Debt-to-Equity Chart

Binggrae Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.05

0.07

Binggrae 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	Get a 7-Day Free Trial															0.05	0.06	0.07	0.06	0.07

Competitive Comparison of Binggrae Co's Debt-to-Equity

For the Packaged Foods subindustry, Binggrae 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.

Binggrae Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Binggrae Co's Debt-to-Equity distribution charts can be found below:

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

Binggrae Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Binggrae 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
	=	(15251.369	+	32381.339)	/	641597.543
	=	0.07

Binggrae Co's Debt to Equity Ratio for the quarter 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
	=	(15251.369	+	32381.339)	/	641597.543
	=	0.07

Binggrae Co (XKRX:005180) 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.

Binggrae Co Debt-to-Equity Related Terms

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Binggrae Co (XKRX:005180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Binggrae Co Ltd (XKRX:005180) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

45, Dasansunhwan-ro, Gyeonggi-do, Namyangju-si, KOR

Website

http://www.bing.co.kr

Binggrae Co Ltd is a Korea-based company engaged in the manufacturing and processing of dairy products and snacks. The business activity of the group is primarily operated through two divisions namely Refrigeration and Cold storage division. The Refrigeration division is engaged in the production of Ice cream and other frozen snacks, and Cold storage division engaged in the production of Dairy drinks such as milk and yogurt as well as other snacks. The products are offered under the brand name of Melona, Samanco, Pop Top, Pangtoa and others.

Binggrae Co (XKRX:005180) Headlines

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