INNOX Advanced Materials Co (XKRX:272290) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is INNOX Advanced Materials Co Debt-to-Equity?

INNOX Advanced Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩69,927 Mil. INNOX Advanced Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩52,140 Mil. INNOX Advanced Materials Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩406,004 Mil. INNOX Advanced Materials Co's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

XKRX:272290' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.35 Max: 0.73
Current: 0.3

During the past 7 years, the highest Debt-to-Equity Ratio of INNOX Advanced Materials Co was 0.73. The lowest was 0.10. And the median was 0.35.

XKRX:272290's Debt-to-Equity is ranked worse than
53.43% of 874 companies
in the Semiconductors industry
Industry Median: 0.27 vs XKRX:272290: 0.30

INNOX Advanced Materials Co Debt-to-Equity Historical Data

The historical data trend for INNOX Advanced Materials 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.

INNOX Advanced Materials Co Debt-to-Equity Chart

INNOX Advanced Materials Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.35

0.21

0.10

0.30

INNOX Advanced Materials 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															0.10	0.13	0.21	0.20	0.30

Competitive Comparison of INNOX Advanced Materials Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, INNOX Advanced Materials 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.

INNOX Advanced Materials Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, INNOX Advanced Materials Co's Debt-to-Equity distribution charts can be found below:

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

INNOX Advanced Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

INNOX Advanced Materials 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
	=	(69926.741	+	52140.075)	/	406003.672
	=	0.30

INNOX Advanced Materials 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
	=	(69926.741	+	52140.075)	/	406003.672
	=	0.30

INNOX Advanced Materials Co (XKRX:272290) 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.

INNOX Advanced Materials Co Debt-to-Equity Related Terms

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INNOX Advanced Materials Co (XKRX:272290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » INNOX Advanced Materials Co Ltd (XKRX:272290) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Chungcheongnam-do Asan-si, Asan, KOR

Website

http://www.innoxamc.com

INNOX Advanced Materials Co Ltd is an IT material company engaged in the field of semiconductor PKG materials and flexible circuit boards (FPCB) materials. Its business areas include circuit material, semiconductor material and OLED material.

INNOX Advanced Materials Co (XKRX:272290) Headlines

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