Cho Bi Co (XKRX:001550) Debt-to-Equity : 1.01 (As of Mar. 2024)

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What is Cho Bi Co Debt-to-Equity?

Cho Bi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩53,357 Mil. Cho Bi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩164 Mil. Cho Bi Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩53,183 Mil. Cho Bi Co's debt to equity for the quarter that ended in Mar. 2024 was 1.01.

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

XKRX:001550' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.83 Max: 1.84
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Cho Bi Co was 1.84. The lowest was 0.31. And the median was 0.83.

XKRX:001550's Debt-to-Equity is ranked worse than
81.28% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs XKRX:001550: 1.01

Cho Bi Co Debt-to-Equity Historical Data

The historical data trend for Cho Bi 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.

Cho Bi Co Debt-to-Equity Chart

Cho Bi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.48

0.31

0.48

0.65

0.72

Cho Bi 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															1.03	1.15	0.79	0.72	1.01

Competitive Comparison of Cho Bi Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Cho Bi 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.

Cho Bi Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Cho Bi Co's Debt-to-Equity distribution charts can be found below:

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

Cho Bi Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cho Bi 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
	=	(37157.731	+	209.016)	/	52284.944
	=	0.71

Cho Bi 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
	=	(53357.084	+	164.046)	/	53183.473
	=	1.01

Cho Bi Co (XKRX:001550) 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.

Cho Bi Co Debt-to-Equity Related Terms

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

Cho Bi Co (XKRX:001550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Cho Bi Co Ltd (XKRX:001550) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1337-4 Seocho-2-Dong, DongOh Building, Seoul, KOR, 135-860

Website

http://www.chobi.co.kr

Cho Bi Co Ltd is a South Korea-based company mainly engaged in the manufacturing and distributing of fertilizers. Its fertilizer products consist of compound fertilizers for top dressing, which are used for horticulture, fruit trees, and paddy rice; bulk bending fertilizers; compound fertilizers for basal dressing, which are used for tobacco, peanuts, vegetables, garlic and onions, fruit and fruit trees, chestnuts, rice seedbeds, paddy rice, potatoes and turfs and other types of fertilizers.

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