Ring Net Co (XKRX:042500) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Ring Net Co Debt-to-Equity?

Ring Net Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩689 Mil. Ring Net Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩3 Mil. Ring Net Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩97,864 Mil. Ring Net Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

XKRX:042500' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.34
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Ring Net Co was 0.34. The lowest was 0.01. And the median was 0.05.

XKRX:042500's Debt-to-Equity is ranked better than
99.95% of 2216 companies
in the Software industry
Industry Median: 0.21 vs XKRX:042500: 0.01

Ring Net Co Debt-to-Equity Historical Data

The historical data trend for Ring Net 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.

Ring Net Co Debt-to-Equity Chart

Ring Net Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.11

0.05

0.17

0.01

Ring Net 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															0.15	0.06	0.03	0.01	0.01

Competitive Comparison of Ring Net Co's Debt-to-Equity

For the Information Technology Services subindustry, Ring Net 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.

Ring Net Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Ring Net Co's Debt-to-Equity distribution charts can be found below:

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

Ring Net Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ring Net 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
	=	(715.498	+	6.263)	/	96119.463
	=	0.01

Ring Net 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
	=	(688.787	+	2.764)	/	97864.296
	=	0.01

Ring Net Co (XKRX:042500) 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.

Ring Net Co Debt-to-Equity Related Terms

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

Ring Net Co (XKRX:042500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ring Net Co Ltd (XKRX:042500) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, No. 409, Samsung IT Valley, 4th Floor, Guro-gu, Seoul, KOR

Website

http://www.ringnet.co.kr

Ring Net Co Ltd is a specialized ICT service company. It offers solutions in the business areas of Network integration, System integration, Advanced service, Cloud, Collaboration and Security. System integration establishes an optimum information system through convergence and integration of complex IT resources; Network Integration relates to building network architecture and optimizing network infrastructure; Advanced Service provides services according to IT life cycle for consulting, construction, maintenance, and optimization; Cloud service provides virtualization, server and storage solutions for cloud computing environments; Collaboration covers IT telephony, unified communication, video conference and CCTV solution; and Security area provides security solutions.

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