Shindo Eng Lab (XKRX:290520) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Shindo Eng Lab Debt-to-Equity?

Shindo Eng Lab's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩152 Mil. Shindo Eng Lab's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩18 Mil. Shindo Eng Lab's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩58,627 Mil. Shindo Eng Lab's debt to equity for the quarter that ended in Mar. 2024 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 Shindo Eng Lab's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Shindo Eng Lab was 0.42. The lowest was 0.00. And the median was 0.17.

XKRX:290520's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Shindo Eng Lab Debt-to-Equity Historical Data

The historical data trend for Shindo Eng Lab'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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Shindo Eng Lab Debt-to-Equity Chart

Shindo Eng Lab Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.22

0.06

0.02

Shindo Eng Lab 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															0.04	0.04	0.04	0.02	-

Competitive Comparison of Shindo Eng Lab's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shindo Eng Lab'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.

Shindo Eng Lab's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shindo Eng Lab's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shindo Eng Lab's Debt-to-Equity falls into.

Shindo Eng Lab Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shindo Eng Lab'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
	=	(1267.564	+	27.481)	/	58003.862
	=	0.02

Shindo Eng Lab'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
	=	(152.296	+	18.398)	/	58627.065
	=	0.00

Shindo Eng Lab (XKRX:290520) 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.

Shindo Eng Lab Debt-to-Equity Related Terms

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Shindo Eng Lab (XKRX:290520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shindo Eng Lab Ltd (XKRX:290520) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

21 Mayu-ro 238beon-gil, Jeongwang 1, Gyeonggi-do, Siheung-si, KOR

Website

http://www.lcd.co.kr

Shindo Eng Lab Ltd is engaged in manufacturing display equipment with its original magnetic technology. Its product include OLED, LCD, Fuel cells and others. The firm's products are used in Manufacturing Mobile, IT & Display, Automobile, Special Display, and Energy & Vacuum Glass.

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