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Global Tax Free Co (XKRX:204620) Debt-to-Equity : 0.05 (As of Dec. 2024)


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What is Global Tax Free Co Debt-to-Equity?

Global Tax Free Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩4,824 Mil. Global Tax Free Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩508 Mil. Global Tax Free Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₩109,679 Mil. Global Tax Free Co's debt to equity for the quarter that ended in Dec. 2024 was 0.05.

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 Global Tax Free Co's Debt-to-Equity or its related term are showing as below:

XKRX:204620' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.12   Max: 0.32
Current: 0.05

During the past 11 years, the highest Debt-to-Equity Ratio of Global Tax Free Co was 0.32. The lowest was 0.02. And the median was 0.12.

XKRX:204620's Debt-to-Equity is ranked better than
86.97% of 921 companies
in the Business Services industry
Industry Median: 0.36 vs XKRX:204620: 0.05

Global Tax Free Co Debt-to-Equity Historical Data

The historical data trend for Global Tax Free 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.

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Global Tax Free Co Debt-to-Equity Chart

Global Tax Free Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.19 0.12 0.11 0.05

Global Tax Free Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.09 0.13 0.06 0.05

Competitive Comparison of Global Tax Free Co's Debt-to-Equity

For the Specialty Business Services subindustry, Global Tax Free 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.


Global Tax Free Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Global Tax Free Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Global Tax Free Co's Debt-to-Equity falls into.


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Global Tax Free Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Tax Free Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Global Tax Free Co's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

* 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.


Global Tax Free Co  (XKRX:204620) 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.


Global Tax Free Co Debt-to-Equity Related Terms

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


Global Tax Free Co Business Description

Traded in Other Exchanges
N/A
Address
131, Teggeryo, Jung-gu, 9th Floor, Shinil Building, 64-5, Chungmuro ??2-ga, Seoul, KOR
Global Tax Free Co Ltd is a tax refund company. It offers refund services for foreign tourists in Korea. It provides refund services through electronic Tax Refund System.

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