Hankook Tire & Technology Co (XKRX:161390) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Hankook Tire & Technology Co Debt-to-Equity?

Hankook Tire & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩740,729 Mil. Hankook Tire & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩502,485 Mil. Hankook Tire & Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩9,888,105 Mil. Hankook Tire & Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 Hankook Tire & Technology Co's Debt-to-Equity or its related term are showing as below:

XKRX:161390' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.3 Max: 0.64
Current: 0.13

During the past 12 years, the highest Debt-to-Equity Ratio of Hankook Tire & Technology Co was 0.64. The lowest was 0.12. And the median was 0.30.

XKRX:161390's Debt-to-Equity is ranked better than
79.95% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XKRX:161390: 0.13

Hankook Tire & Technology Co Debt-to-Equity Historical Data

The historical data trend for Hankook Tire & Technology 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.

Hankook Tire & Technology Co Debt-to-Equity Chart

Hankook Tire & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.23

0.22

0.12

Hankook Tire & Technology 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															0.18	0.14	0.14	0.12	0.13

Competitive Comparison of Hankook Tire & Technology Co's Debt-to-Equity

For the Auto Parts subindustry, Hankook Tire & Technology 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.

Hankook Tire & Technology Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hankook Tire & Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hankook Tire & Technology Co's Debt-to-Equity falls into.

Hankook Tire & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hankook Tire & Technology 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
	=	(557776.832	+	609006.905)	/	9552508.439
	=	0.12

Hankook Tire & Technology 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
	=	(740729.378	+	502485.155)	/	9888104.905
	=	0.13

Hankook Tire & Technology Co (XKRX:161390) 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.

Hankook Tire & Technology Co Debt-to-Equity Related Terms

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Hankook Tire & Technology Co (XKRX:161390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hankook Tire & Technology Co Ltd (XKRX:161390) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

133 Teheran-ro, Gangnam-Gu, Seoul, KOR

Website

https://www.hankooktire.com

Hankook Tire & Technology Co Ltd is a manufacturer of rubber automotive tires. The company produces and sells automotive tires under the Hankook, Laufenn, Aurora, and Kingstar brands. The tires are used on passenger cars, sport utility vehicles, vans, transporters, trucks, and busses. The firm's largest end markets by tire sales are Europe, the Americas, and China.

Hankook Tire & Technology Co (XKRX:161390) Headlines

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