Carelabs Co (XKRX:263700) Debt-to-Equity : 0.72 (As of Mar. 2024)

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What is Carelabs Co Debt-to-Equity?

Carelabs Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩20,223 Mil. Carelabs Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩31,189 Mil. Carelabs Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩70,970 Mil. Carelabs Co's debt to equity for the quarter that ended in Mar. 2024 was 0.72.

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

XKRX:263700' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.68 Max: 0.85
Current: 0.72

During the past 9 years, the highest Debt-to-Equity Ratio of Carelabs Co was 0.85. The lowest was 0.03. And the median was 0.68.

XKRX:263700's Debt-to-Equity is ranked worse than
62.34% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs XKRX:263700: 0.72

Carelabs Co Debt-to-Equity Historical Data

The historical data trend for Carelabs 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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Carelabs Co Debt-to-Equity Chart

Carelabs Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.77

0.16

0.74

0.68

0.78

Carelabs 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															0.81	0.67	0.71	0.78	0.72

Competitive Comparison of Carelabs Co's Debt-to-Equity

For the Health Information Services subindustry, Carelabs 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.

Carelabs Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Carelabs Co's Debt-to-Equity distribution charts can be found below:

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

Carelabs Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carelabs 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
	=	(19706.563	+	33642.867)	/	68531.506
	=	0.78

Carelabs 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
	=	(20223.3	+	31189.462)	/	70969.754
	=	0.72

Carelabs Co (XKRX:263700) 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.

Carelabs Co Debt-to-Equity Related Terms

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

Carelabs Co (XKRX:263700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Carelabs Co Ltd (XKRX:263700) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Street, Banpo Road, 2nd Floor, Doowon Building, Seocho-Gu, Seocho-dong, Seoul, KOR, 06648

Website

http://www.carelabs.co.kr

Carelabs Co Ltd is an Ireland based company engages in the provision of healthcare information technology services. The company provides clinic information, clinic customer management software, and digital marketing solutions. Its healthcare media platform includes GoodDak, a mobile medical information service; and Barbietk, a healthcare service that shares domestic cosmetic, skin care, and diet reviews.

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