Nara Mold & Die Co (XKRX:051490) Debt-to-Equity : 0.55 (As of Mar. 2024)

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What is Nara Mold & Die Co Debt-to-Equity?

Nara Mold & Die Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩53,510 Mil. Nara Mold & Die Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩3,126 Mil. Nara Mold & Die Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩103,150 Mil. Nara Mold & Die Co's debt to equity for the quarter that ended in Mar. 2024 was 0.55.

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 Nara Mold & Die Co's Debt-to-Equity or its related term are showing as below:

XKRX:051490' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.7 Max: 0.98
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Nara Mold & Die Co was 0.98. The lowest was 0.55. And the median was 0.70.

XKRX:051490's Debt-to-Equity is ranked worse than
69.5% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKRX:051490: 0.55

Nara Mold & Die Co Debt-to-Equity Historical Data

The historical data trend for Nara Mold & Die 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.

Nara Mold & Die Co Debt-to-Equity Chart

Nara Mold & Die Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.95

0.96

0.85

0.74

Nara Mold & Die 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															0.69	0.70	0.66	0.74	0.55

Competitive Comparison of Nara Mold & Die Co's Debt-to-Equity

For the Metal Fabrication subindustry, Nara Mold & Die 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.

Nara Mold & Die Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nara Mold & Die Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nara Mold & Die Co's Debt-to-Equity falls into.

Nara Mold & Die Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nara Mold & Die 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
	=	(72229.233	+	1854.353)	/	99656.664
	=	0.74

Nara Mold & Die 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
	=	(53510.171	+	3126.199)	/	103150.15
	=	0.55

Nara Mold & Die Co (XKRX:051490) 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.

Nara Mold & Die Co Debt-to-Equity Related Terms

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

Nara Mold & Die Co (XKRX:051490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nara Mold & Die Co Ltd (XKRX:051490) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

50-1, Sungju-dong, Gyeongsangnam-do, Changwon-si, KOR, 641-120

Website

http://www.naramnd.com

Nara Mold & Die Co Ltd is a Korea based company engaged in the business of manufacturing press die and plastic molds. The products offered by the company are for electronic appliances, display, automobiles, and mobile phone. The organization is involved in the business field of High Precision and Large Press Die; Compact Precision and Large Plastic Injection Mold; and Mass production of parts and components. The organization has a business presence in Korea and other countries.

Nara Mold & Die Co (XKRX:051490) Headlines

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