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Daehan Steel Co (XKRX:084010) Debt-to-Equity : 0.04 (As of Dec. 2023)


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What is Daehan Steel Co Debt-to-Equity?

Daehan Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩12,486 Mil. Daehan Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩20,598 Mil. Daehan Steel Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩749,478 Mil. Daehan Steel Co's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

XKRX:084010' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.11   Max: 0.59
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Daehan Steel Co was 0.59. The lowest was 0.04. And the median was 0.11.

XKRX:084010's Debt-to-Equity is ranked better than
91.23% of 559 companies
in the Steel industry
Industry Median: 0.41 vs XKRX:084010: 0.04

Daehan Steel Co Debt-to-Equity Historical Data

The historical data trend for Daehan Steel 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.

Daehan Steel Co Debt-to-Equity Chart

Daehan Steel Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.10 0.08 0.09 0.04

Daehan Steel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.04 0.04 0.03 0.04

Competitive Comparison of Daehan Steel Co's Debt-to-Equity

For the Steel subindustry, Daehan Steel 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.


Daehan Steel Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Daehan Steel Co's Debt-to-Equity distribution charts can be found below:

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



Daehan Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daehan Steel Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Daehan Steel Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Daehan Steel Co  (XKRX:084010) 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.


Daehan Steel Co Debt-to-Equity Related Terms

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


Daehan Steel Co (XKRX:084010) Business Description

Traded in Other Exchanges
N/A
Address
Saha-gyoung prosperous road 69, Busan, KOR, 604-836
Daehan Steel Co Ltd is a Korea based steel manufacturer. It offers square billet, deformed bar, processed rebar, bar in coil, iron bars, steel, bar steel for concrete and others.

Daehan Steel Co (XKRX:084010) Headlines

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