Kore Group Holdings (Kore Group Holdings) Debt-to-Equity : 13.83 (As of Mar. 2024)

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What is Kore Group Holdings Debt-to-Equity?

Kore Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.38 Mil. Kore Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $305.42 Mil. Kore Group Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $22.33 Mil. Kore Group Holdings's debt to equity for the quarter that ended in Mar. 2024 was 13.83.

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 Kore Group Holdings's Debt-to-Equity or its related term are showing as below:

KORGW' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.49 Max: 14.99
Current: 13.83

During the past 5 years, the highest Debt-to-Equity Ratio of Kore Group Holdings was 14.99. The lowest was 1.35. And the median was 2.49.

KORGW's Debt-to-Equity is ranked worse than
98.25% of 343 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs KORGW: 13.83

Kore Group Holdings Debt-to-Equity Historical Data

The historical data trend for Kore Group Holdings'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.

Kore Group Holdings Debt-to-Equity Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

14.99

1.51

2.38

8.37

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											2.61	2.63	6.02	8.37	13.83

Competitive Comparison of Kore Group Holdings's Debt-to-Equity

For the Telecom Services subindustry, Kore Group Holdings'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.

Kore Group Holdings's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Kore Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kore Group Holdings'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
	=	(3.963	+	305.555)	/	36.973
	=	8.37

Kore Group Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(3.378	+	305.417)	/	22.334
	=	13.83

Kore Group Holdings (OTCPK:KORGW) 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.

Kore Group Holdings Debt-to-Equity Related Terms

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Kore Group Holdings (Kore Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (OTCPK:KORGW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KORE:USA

Address

3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346

Website

https://www.korewireless.com

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).