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Ring Net Co (XKRX:042500) Debt-to-Asset : 0.01 (As of Mar. 2024)


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What is Ring Net Co Debt-to-Asset?

Ring Net Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩689 Mil. Ring Net Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩3 Mil. Ring Net Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₩142,684 Mil. Ring Net Co's debt to asset for the quarter that ended in Mar. 2024 was 0.00.

Ring Net Co Debt-to-Asset Historical Data

The historical data trend for Ring Net Co's Debt-to-Asset 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.

Ring Net Co Debt-to-Asset Chart

Ring Net Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.06 0.03 0.09 0.01

Ring Net Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset 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 0.02 0.01 0.01

Competitive Comparison of Ring Net Co's Debt-to-Asset

For the Information Technology Services subindustry, Ring Net Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Ring Net Co's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Ring Net Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ring Net Co's Debt-to-Asset falls into.


Ring Net Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ring Net Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(715.498 + 6.263) / 151943.392
=0.00

Ring Net Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(688.787 + 2.764) / 142684.105
=0.00

* 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.

Ring Net Co  (XKRX:042500) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ring Net Co Debt-to-Asset Related Terms

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

Ring Net Co (XKRX:042500) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ring Net Co Ltd (XKRX:042500) » Definitions » Debt-to-Asset
Comparable Companies
XKRX:020180 XKRX:187220 XKRX:010280 XKRX:099390 XKRX:038620 XKRX:039980 XKRX:039420 XKRX:053350 XKRX:331380 XKRX:032680 ACN NSE:TCS IBM NSE:INFY FI NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
N/A
Address
No. 27, No. 409, Samsung IT Valley, 4th Floor, Guro-gu, Seoul, KOR
Website
http://www.ringnet.co.kr
Ring Net Co Ltd is a specialized ICT service company. It offers solutions in the business areas of Network integration, System integration, Advanced service, Cloud, Collaboration and Security. System integration establishes an optimum information system through convergence and integration of complex IT resources; Network Integration relates to building network architecture and optimizing network infrastructure; Advanced Service provides services according to IT life cycle for consulting, construction, maintenance, and optimization; Cloud service provides virtualization, server and storage solutions for cloud computing environments; Collaboration covers IT telephony, unified communication, video conference and CCTV solution; and Security area provides security solutions.

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