Innovation For Creative Devices Co (XKRX:040910) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Innovation For Creative Devices Co Debt-to-Equity?

Innovation For Creative Devices Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩13,368 Mil. Innovation For Creative Devices Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩2,108 Mil. Innovation For Creative Devices Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩130,646 Mil. Innovation For Creative Devices Co's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 Innovation For Creative Devices Co's Debt-to-Equity or its related term are showing as below:

XKRX:040910' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.4
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Innovation For Creative Devices Co was 0.40. The lowest was 0.03. And the median was 0.12.

XKRX:040910's Debt-to-Equity is ranked better than
70.89% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs XKRX:040910: 0.12

Innovation For Creative Devices Co Debt-to-Equity Historical Data

The historical data trend for Innovation For Creative Devices 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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Innovation For Creative Devices Co Debt-to-Equity Chart

Innovation For Creative Devices Co Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.10

0.14

0.12

Innovation For Creative Devices Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.14	0.13	0.14	0.12

Competitive Comparison of Innovation For Creative Devices Co's Debt-to-Equity

For the Electronic Components subindustry, Innovation For Creative Devices 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.

Innovation For Creative Devices Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Innovation For Creative Devices Co's Debt-to-Equity falls into.

Innovation For Creative Devices Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innovation For Creative Devices 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
	=	(13367.793	+	2107.926)	/	130646.377
	=	0.12

Innovation For Creative Devices Co's Debt to Equity Ratio for the quarter 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
	=	(13367.793	+	2107.926)	/	130646.377
	=	0.12

Innovation For Creative Devices Co (XKRX:040910) 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.

Innovation For Creative Devices Co Debt-to-Equity Related Terms

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Innovation For Creative Devices Co (XKRX:040910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innovation For Creative Devices Co Ltd (XKRX:040910) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

274, Manse-ro, Daedeok-myeon, Anseong-si, Gyeonggi-Do, KOR, 456-833

Website

http://www.i4cd.co.kr

Innovation For Creative Devices Co Ltd manufactures and markets various types of LCD devices. It manufactures semi-conductor manufacturing machinery. Its products include etchers, high density plasma (HDP) etchers, plasma ashers, plasma cleaners, dry etcher and HDP etcher parts, among others.

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