LG Electronics (XKRX:066575) Debt-to-Equity : 0.75 (As of Sep. 2024)

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What is LG Electronics Debt-to-Equity?

LG Electronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩3,268,758 Mil. LG Electronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩12,070,491 Mil. LG Electronics's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₩20,428,248 Mil. LG Electronics's debt to equity for the quarter that ended in Sep. 2024 was 0.75.

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

XKRX:066575' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.73 Max: 0.84
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of LG Electronics was 0.84. The lowest was 0.57. And the median was 0.73.

XKRX:066575's Debt-to-Equity is ranked worse than
78.51% of 2182 companies
in the Hardware industry
Industry Median: 0.29 vs XKRX:066575: 0.75

LG Electronics Debt-to-Equity Historical Data

The historical data trend for LG Electronics'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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LG Electronics Debt-to-Equity Chart

LG Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

0.70

0.63

0.64

0.74

LG Electronics 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															0.70	0.74	0.72	0.73	0.75

Competitive Comparison of LG Electronics's Debt-to-Equity

For the Consumer Electronics subindustry, LG Electronics'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.

LG Electronics's Debt-to-Equity Distribution in the Hardware Industry

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

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

LG Electronics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LG Electronics'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
	=	(2938408	+	11575426)	/	19664754
	=	0.74

LG Electronics's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3268758	+	12070491)	/	20428248
	=	0.75

LG Electronics (XKRX:066575) 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.

LG Electronics Debt-to-Equity Related Terms

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

LG Electronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Electronics Inc (XKRX:066575) » Definitions » Debt-to-Equity

Traded in Other Exchanges

066570:Korea LGLD:UK LGLG:Germany

Address

Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 07336

Website

https://www.lge.co.kr

LG Electronics Inc is a South Korea-based company that produces a broad range of electronic products. Its businesses are the home entertainment segment, which produces and sells TVs and digital media products; the mobile communications segment, which produces and sells mobile communications equipment; the home appliance and air solutions segment, which produces and sells washing machines, refrigerators, and other products; the vehicle components segment, which designs and produces vehicle parts; the business solutions segment, which manufactures and sells PCs, solar panels, and other products; and Innotek, which sells substrates, sensors, and other items. The company generates the majority of total revenue from the home entertainment and home appliance and air solutions segments.

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