Gaon Cable Co (XKRX:000500) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Gaon Cable Co Debt-to-Equity?

Gaon Cable Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩146,042 Mil. Gaon Cable Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩7,756 Mil. Gaon Cable Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩342,751 Mil. Gaon Cable Co's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Gaon Cable Co's Debt-to-Equity or its related term are showing as below:

XKRX:000500' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.49 Max: 0.74
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Gaon Cable Co was 0.74. The lowest was 0.32. And the median was 0.49.

XKRX:000500's Debt-to-Equity is ranked worse than
64.16% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs XKRX:000500: 0.45

Gaon Cable Co Debt-to-Equity Historical Data

The historical data trend for Gaon Cable 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.

Gaon Cable Co Debt-to-Equity Chart

Gaon Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.43

0.49

0.66

0.59

0.57

Gaon Cable 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-Equity	Get a 7-Day Free Trial															0.53	0.64	0.55	0.57	0.45

Competitive Comparison of Gaon Cable Co's Debt-to-Equity

For the Communication Equipment subindustry, Gaon Cable 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.

Gaon Cable Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gaon Cable Co's Debt-to-Equity distribution charts can be found below:

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

Gaon Cable Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gaon Cable 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
	=	(134863.477	+	52032.558)	/	331011.443
	=	0.56

Gaon Cable Co'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
	=	(146041.981	+	7756.273)	/	342750.633
	=	0.45

Gaon Cable Co (XKRX:000500) 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.

Gaon Cable Co Debt-to-Equity Related Terms

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Gaon Cable Co (XKRX:000500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gaon Cable Co Ltd (XKRX:000500) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

World Trade Center, 517, Floors 24, ASEM Tower, Yeongdong-daero, Gangnam-gu, Seoul, KOR, 135-798

Website

http://www.gaoncable.com

Gaon Cable Co Ltd engages in the manufacture of electric cables. Its major products include power cable, telecommunication cable, materials and new products. The power cable includes extra-high voltage cables, overhead lines, low and medium voltage power (MV/LV) cables, industrial specialty cables. The telecom products are local area network (LAN) cables, optical communication and other communication cables. The materials include oxygen free copper rod. The new products include intelligent wiring solution and integral pipeline system.

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