Korvest (ASX:KOV) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Korvest Debt-to-Equity?

Korvest's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.1 Mil. Korvest's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$8.2 Mil. Korvest's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$50.9 Mil. Korvest's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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 Korvest's Debt-to-Equity or its related term are showing as below:

ASX:KOV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 0.18
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Korvest was 0.18. The lowest was 0.01. And the median was 0.13.

ASX:KOV's Debt-to-Equity is ranked better than
62.88% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs ASX:KOV: 0.18

Korvest Debt-to-Equity Historical Data

The historical data trend for Korvest'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.

Korvest Debt-to-Equity Chart

Korvest Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.15

0.17

0.13

0.11

Korvest Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.13	0.11	0.11	0.18

Competitive Comparison of Korvest's Debt-to-Equity

For the Metal Fabrication subindustry, Korvest'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.

Korvest's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Korvest's Debt-to-Equity distribution charts can be found below:

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

Korvest Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korvest's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.776	+	4.418)	/	49.038
	=	0.11

Korvest'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
	=	(1.079	+	8.2)	/	50.851
	=	0.18

Korvest (ASX:KOV) 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.

Korvest Debt-to-Equity Related Terms

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

Korvest (ASX:KOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Korvest Ltd (ASX:KOV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Prospect Road, Kilburn, Adelaide, SA, AUS, 5084

Website

https://www.korvest.com.au

Korvest Ltd is an Australia-based company principally engaged in the industrial products manufacturing business. The activities of the Company consist of hot dip galvanizing, sheet metal fabrication, and the manufacture of cable and pipe support systems and fittings. The group has two reportable segments: The industrial products segment includes the manufacture of electrical and cable support systems, steel fabrication, and access systems which also includes the sale, hire, and repair of high torque tools, and the production segment which provides hot dip galvanizing services. The company drives a majority of its revenue from the Industrial products segment.

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