Hyosung Advanced Materials Co (XKRX:298050) Debt-to-Equity

: 2.58 (As of Dec. 2023)

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Hyosung Advanced Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,231,065 Mil. Hyosung Advanced Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩516,214 Mil. Hyosung Advanced Materials Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩677,663 Mil. Hyosung Advanced Materials Co's debt to equity for the quarter that ended in Dec. 2023 was 2.58.

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

XKRX:298050' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.32 Med: 3.42 Max: 5.43
Current: 2.58

During the past 6 years, the highest Debt-to-Equity Ratio of Hyosung Advanced Materials Co was 5.43. The lowest was 2.32. And the median was 3.42.

XKRX:298050's Debt-to-Equity is ranked worse than
92.93% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.45 vs XKRX:298050: 2.58

Hyosung Advanced Materials Co Debt-to-Equity Historical Data

The historical data trend for Hyosung 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.

Hyosung Advanced Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

5.43

5.15

2.57

2.32

2.58

Hyosung 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																2.32	2.42	2.50	2.56	2.58

Competitive Comparison

For the Textile Manufacturing subindustry, Hyosung 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.

Hyosung Advanced Materials Co Debt-to-Equity Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hyosung Advanced Materials Co's Debt-to-Equity distribution charts can be found below:

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

Hyosung Advanced Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hyosung 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
	=	(1231065.498	+	516214.095)	/	677663.443
	=	2.58

Hyosung 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
	=	(1231065.498	+	516214.095)	/	677663.443
	=	2.58

Hyosung Advanced Materials Co (XKRX:298050) 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.

Hyosung Advanced Materials Co Debt-to-Equity Related Terms

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Hyosung Advanced Materials Co (XKRX:298050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hyosung Advanced Materials Co Ltd (XKRX:298050) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Mapo 119, Mapo-gu, Gongdeok-dong, Seoul, KOR, 04144

Website

https://www.hyosungadvancedmaterials.com

Hyosung Advanced Materials Co Ltd is an advanced material producing company. Its activities are divided into six business areas including industrial yarn, advanced materials, tire reinforcement, airbag, carpet and other products. Its products include industrial yarn and fabric and materials for steel wire are widely used in a variety of industry sectors including automotive, civil engineering and architecture, agriculture and military logistics.

Hyosung Advanced Materials Co (XKRX:298050) Headlines

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