Daekyo Co (XKRX:019680) Debt-to-Equity : 0.38 (As of Mar. 2024)

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What is Daekyo Co Debt-to-Equity?

Daekyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩71,704 Mil. Daekyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩48,418 Mil. Daekyo Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩319,144 Mil. Daekyo Co's debt to equity for the quarter that ended in Mar. 2024 was 0.38.

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

XKRX:019680' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.46
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Daekyo Co was 0.46. The lowest was 0.04. And the median was 0.16.

XKRX:019680's Debt-to-Equity is ranked worse than
52.02% of 223 companies
in the Education industry
Industry Median: 0.34 vs XKRX:019680: 0.38

Daekyo Co Debt-to-Equity Historical Data

The historical data trend for Daekyo 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.

Daekyo Co Debt-to-Equity Chart

Daekyo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.18

0.25

0.46

Daekyo 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															0.29	0.30	0.37	0.46	0.38

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

For the Education & Training Services subindustry, Daekyo 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.

Daekyo Co's Debt-to-Equity Distribution in the Education Industry

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

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

Daekyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daekyo 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
	=	(83959.006	+	56457.417)	/	305976.523
	=	0.46

Daekyo 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
	=	(71704.137	+	48417.858)	/	319144.198
	=	0.38

Daekyo Co (XKRX:019680) 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.

Daekyo Co Debt-to-Equity Related Terms

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Daekyo Co (XKRX:019680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Daekyo Co Ltd (XKRX:019680) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

019685:Korea

Address

Noonnopi Seocho Center, 446-3, Bangbae-Dong, Seocho-Gu, Seoul, KOR, 137-818

Website

http://eng.daekyo.com

Daekyo Co Ltd is a Korean education company that provides services such as learning centers, educational materials, media programs, and international programs. The company's largest segment is its Noonnoppi brand of learning centers and self-learning systems. This segment offers on-site learning centers for children as well as home tutoring and virtual learning programs. The majority of students that subscribe to Noonnoppi programs are elementary and middle/high school students, followed by adult learners. Daekyo also operates over 10 international subsidiaries the U.S. and in 21 countries across Asia.

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