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Mirae (XKRX:025560) Debt-to-Equity : 0.20 (As of Sep. 2024)


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What is Mirae Debt-to-Equity?

Mirae's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩15,633 Mil. Mirae's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩497 Mil. Mirae's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₩82,249 Mil. Mirae's debt to equity for the quarter that ended in Sep. 2024 was 0.20.

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

XKRX:025560' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.19   Max: 0.44
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Mirae was 0.44. The lowest was 0.00. And the median was 0.19.

XKRX:025560's Debt-to-Equity is ranked better than
57.61% of 880 companies
in the Semiconductors industry
Industry Median: 0.27 vs XKRX:025560: 0.20

Mirae Debt-to-Equity Historical Data

The historical data trend for Mirae'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.

Mirae Debt-to-Equity Chart

Mirae Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.26 0.19 0.22 0.20

Mirae Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity 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 0.18 0.20 0.20 0.22 0.20

Competitive Comparison of Mirae's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Mirae'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.


Mirae's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mirae's Debt-to-Equity distribution charts can be found below:

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



Mirae Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mirae's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Mirae's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Mirae  (XKRX:025560) 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.


Mirae Debt-to-Equity Related Terms

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


Mirae Business Description

Traded in Other Exchanges
N/A
Address
7 ro 65, Baekseok Industrial Complex, Cheonan, Chungcheongnam-do, KOR, 31093
Mirae Corp is a Korean company that provides equipment and service to the semiconductor and integrated circuit industries. The company make robots and accompanying software to automate the testing of flash memory, integrated circuits, and other electronics. Its products include mounter, semiconductor handler, and linear motor.

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