Wooree Enterprise Co (XKRX:037400) Debt-to-Equity : 0.67 (As of Mar. 2024)

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What is Wooree Enterprise Co Debt-to-Equity?

Wooree Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩72,481 Mil. Wooree Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩19,075 Mil. Wooree Enterprise Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩136,408 Mil. Wooree Enterprise Co's debt to equity for the quarter that ended in Mar. 2024 was 0.67.

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

XKRX:037400' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 2.08 Max: 3.07
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Wooree Enterprise Co was 3.07. The lowest was 0.67. And the median was 2.08.

XKRX:037400's Debt-to-Equity is ranked worse than
73.82% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.345 vs XKRX:037400: 0.67

Wooree Enterprise Co Debt-to-Equity Historical Data

The historical data trend for Wooree Enterprise 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.

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Wooree Enterprise Co Debt-to-Equity Chart

Wooree Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.20

1.57

1.26

0.86

0.68

Wooree Enterprise 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															0.71	0.86	0.76	0.68	0.67

Competitive Comparison of Wooree Enterprise Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Wooree Enterprise 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.

Wooree Enterprise Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Wooree Enterprise Co's Debt-to-Equity distribution charts can be found below:

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

Wooree Enterprise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wooree Enterprise 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
	=	(77681.185	+	13190.132)	/	134257.509
	=	0.68

Wooree Enterprise 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
	=	(72481.429	+	19075.373)	/	136408.068
	=	0.67

Wooree Enterprise Co (XKRX:037400) 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.

Wooree Enterprise Co Debt-to-Equity Related Terms

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

Wooree Enterprise Co (XKRX:037400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Wooree Enterprise Co Ltd (XKRX:037400) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

79, Seonggok-ro, Danwon-gu, Gyeonggi-do, Ansan-si, KOR

Website

http://www.wooreelighting.co.kr

Wooree Enterprise Co Ltd is a Korea-based holding company engaged in the manufacture of lighting bulbs and lamps. The company produces light emitting diode (LED) lamps, including fixture light engines, LED tube lights and others; LED indoor lightings, including recessed downlightings with different inches, link lights, recessed panel lights and others; LED outdoor lightings, including highbay lights, street lights and circular highbay lights and others in parking lots and buildings; LED signboard lightings, including light panels and channel sign modules and others.

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