Korean Air Lines Co (XKRX:003490) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is Korean Air Lines Co Debt-to-Equity?

Korean Air Lines Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩3,739,371 Mil. Korean Air Lines Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩7,207,496 Mil. Korean Air Lines Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩9,525,999 Mil. Korean Air Lines Co's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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

XKRX:003490' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.15 Med: 5.01 Max: 9.25
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Korean Air Lines Co was 9.25. The lowest was 1.15. And the median was 5.01.

XKRX:003490's Debt-to-Equity is ranked worse than
74.32% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs XKRX:003490: 1.15

Korean Air Lines Co Debt-to-Equity Historical Data

The historical data trend for Korean Air Lines 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.

Korean Air Lines Co Debt-to-Equity Chart

Korean Air Lines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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6.41

4.85

1.85

1.24

1.15

Korean Air Lines 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															1.24	1.25	1.20	1.12	1.15

Competitive Comparison of Korean Air Lines Co's Debt-to-Equity

For the Airlines subindustry, Korean Air Lines 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.

Korean Air Lines Co's Debt-to-Equity Distribution in the Transportation Industry

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

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

Korean Air Lines Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korean Air Lines 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
	=	(3739371.324	+	7207495.87)	/	9525999.088
	=	1.15

Korean Air Lines 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
	=	(3739371.324	+	7207495.87)	/	9525999.088
	=	1.15

Korean Air Lines Co (XKRX:003490) 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.

Korean Air Lines Co Debt-to-Equity Related Terms

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Korean Air Lines Co (XKRX:003490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Korean Air Lines Co Ltd (XKRX:003490) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

003495:Korea

Address

260 Haneul-gil, Gangseo-gu, Seoul, KOR

Website

http://www.koreanair.com

Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

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