Meritz Financial Group (XKRX:138040) Debt-to-Equity : 1.80 (As of Dec. 2023)

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What is Meritz Financial Group Debt-to-Equity?

Meritz Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩0 Mil. Meritz Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩17,263,486 Mil. Meritz Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩9,581,907 Mil. Meritz Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 1.80.

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 Meritz Financial Group's Debt-to-Equity or its related term are showing as below:

XKRX:138040' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.8 Med: 3.91 Max: 5.31
Current: 1.8

During the past 13 years, the highest Debt-to-Equity Ratio of Meritz Financial Group was 5.31. The lowest was 1.80. And the median was 3.91.

XKRX:138040's Debt-to-Equity is ranked worse than
93.52% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs XKRX:138040: 1.80

Meritz Financial Group Debt-to-Equity Historical Data

The historical data trend for Meritz Financial Group'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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Meritz Financial Group Debt-to-Equity Chart

Meritz Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.31

4.26

5.02

3.56

1.80

Meritz Financial Group 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															3.56	2.64	2.00	1.80	1.80

Competitive Comparison of Meritz Financial Group's Debt-to-Equity

For the Asset Management subindustry, Meritz Financial Group'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.

Meritz Financial Group's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Meritz Financial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Meritz Financial Group's Debt-to-Equity falls into.

Meritz Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meritz Financial Group'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
	=	(0	+	17263486.346)	/	9581907.411
	=	1.80

Meritz Financial Group'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
	=	(0	+	17263486.346)	/	9581907.411
	=	1.80

Meritz Financial Group (XKRX:138040) 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.

Meritz Financial Group Debt-to-Equity Related Terms

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

Meritz Financial Group (XKRX:138040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Meritz Financial Group (XKRX:138040) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeoksam-dong 825-2, Gangnam-gu, Seoul, KOR, 135-934

Website

http://www.meritzgroup.com

Meritz Financial Group is a Korea-based asset management company. Through its subsidiaries such as Meritz Fire & Marine Insurance CO, it is engaged in the property and casualty insurance business. Its other subsidiaries are engaged in the securities brokerage business and finance investment business, provision of integrated computer system services and credit finance services.

Meritz Financial Group (XKRX:138040) Headlines

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