Korea District Heating (XKRX:071320) Debt-to-Equity : 1.91 (As of Dec. 2024)

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What is Korea District Heating Debt-to-Equity?

Korea District Heating's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩982,277 Mil. Korea District Heating's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩3,350,672 Mil. Korea District Heating's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₩2,267,100 Mil. Korea District Heating's debt to equity for the quarter that ended in Dec. 2024 was 1.91.

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 Korea District Heating's Debt-to-Equity or its related term are showing as below:

XKRX:071320' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.27 Med: 1.7 Max: 2.15
Current: 1.91

During the past 13 years, the highest Debt-to-Equity Ratio of Korea District Heating was 2.15. The lowest was 1.27. And the median was 1.70.

XKRX:071320's Debt-to-Equity is ranked worse than
76.35% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.86 vs XKRX:071320: 1.91

Korea District Heating Debt-to-Equity Historical Data

The historical data trend for Korea District Heating'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.

Korea District Heating Debt-to-Equity Chart

Korea District Heating Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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1.59

1.65

2.15

1.96

1.91

Korea District Heating Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.96	1.85	1.88	1.86	1.91

Competitive Comparison of Korea District Heating's Debt-to-Equity

For the Utilities - Renewable subindustry, Korea District Heating'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.

Korea District Heating's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Korea District Heating's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Korea District Heating's Debt-to-Equity falls into.

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Korea District Heating Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korea District Heating's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(982276.857	+	3350671.847)	/	2267100.154
	=	1.91

Korea District Heating's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(982276.857	+	3350671.847)	/	2267100.154
	=	1.91

Korea District Heating (XKRX:071320) 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.

Korea District Heating Debt-to-Equity Related Terms

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Korea District Heating Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Korea District Heating Corp (XKRX:071320) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

368, Bundang-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, KOR, 463-908

Website

https://www.kdhc.co.kr

Korea District Heating Corp operates in the Korean utility sector. Its business is to produce hot and cold water for the purpose of power generation. Its heating systems make sure that apartments and commercial buildings need not have their own heating facilities, thereby saving energy and reducing atmospheric pollution.

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