Ggumbi (XKRX:407400) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Ggumbi Debt-to-Equity?

Ggumbi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩4,447 Mil. Ggumbi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩5,416 Mil. Ggumbi's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩35,685 Mil. Ggumbi's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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

XKRX:407400' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.35 Max: 0.81
Current: 0.28

During the past 3 years, the highest Debt-to-Equity Ratio of Ggumbi was 0.81. The lowest was 0.15. And the median was 0.35.

XKRX:407400's Debt-to-Equity is ranked better than
56.54% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs XKRX:407400: 0.28

Ggumbi Debt-to-Equity Historical Data

The historical data trend for Ggumbi'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.

Ggumbi Debt-to-Equity Chart

Ggumbi Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

1.48

0.81

0.79

Ggumbi Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.79	0.35	0.15	0.17	0.28

Competitive Comparison of Ggumbi's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Ggumbi'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.

Ggumbi's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ggumbi's Debt-to-Equity distribution charts can be found below:

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

Ggumbi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ggumbi's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(4391.587	+	1983.24)	/	8060.474
	=	0.79

Ggumbi'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
	=	(4447.349	+	5415.587)	/	35684.52
	=	0.28

Ggumbi (XKRX:407400) 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.

Ggumbi Debt-to-Equity Related Terms

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Ggumbi (XKRX:407400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ggumbi Inc (XKRX:407400) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

A-713, Gwanggyo SK View Lake, 25, Beopjo-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR

Website

https://www.ggumbi.com

Ggumbi Inc is a premium baby care brand providing bumper bed, babyroom, playmats, furniture and beddings. It export products to around 19 different countries including the United States, China, Japan, Indonesia, Russia and Hongkong.

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