PanOcean Co (XKRX:028670) Debt-to-Equity : 0.52 (As of Dec. 2023)

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What is PanOcean Co Debt-to-Equity?

PanOcean Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩606,262 Mil. PanOcean Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,830,558 Mil. PanOcean Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩4,713,351 Mil. PanOcean Co's debt to equity for the quarter that ended in Dec. 2023 was 0.52.

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

XKRX:028670' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.52 Max: 1.24
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of PanOcean Co was 1.24. The lowest was 0.43. And the median was 0.52.

XKRX:028670's Debt-to-Equity is ranked better than
52.05% of 880 companies
in the Transportation industry
Industry Median: 0.55 vs XKRX:028670: 0.52

PanOcean Co Debt-to-Equity Historical Data

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

PanOcean Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.53

0.62

0.52

PanOcean 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															0.52	0.53	0.49	0.49	0.52

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

For the Marine Shipping subindustry, PanOcean 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.

PanOcean Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PanOcean Co's Debt-to-Equity distribution charts can be found below:

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

PanOcean Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PanOcean 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
	=	(606262	+	1830558)	/	4713351
	=	0.52

PanOcean 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
	=	(606262	+	1830558)	/	4713351
	=	0.52

PanOcean Co (XKRX:028670) 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.

PanOcean Co Debt-to-Equity Related Terms

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

PanOcean Co (XKRX:028670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PanOcean Co Ltd (XKRX:028670) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Tower 8, 7, Jong-ro 5-gil, Jongno-gu, Seoul, KOR, 03157

Website

https://www.panocean.com

PanOcean Co Ltd is a shipping company. The company provides marine transportation services. It provides products and services including breakbulk liner, tramper services, large bulker services, container and tanker services, gas carriers, and heavy lift business. The company's operating segment includes Shipping related and Grain trading business. It generates maximum revenue from Shipping related segment. It also provides tamper services to ship dry bulk cargoes such as iron ore, coal, grains, lumber, wood pulp, and raw sugar.

PanOcean Co (XKRX:028670) Headlines

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