Miwon Specialty Chemical Co (XKRX:268280) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Miwon Specialty Chemical Co Debt-to-Equity?

Miwon Specialty Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩34,791 Mil. Miwon Specialty Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil. Miwon Specialty Chemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩375,205 Mil. Miwon Specialty Chemical Co's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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

XKRX:268280' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.11
Current: 0.09

During the past 7 years, the highest Debt-to-Equity Ratio of Miwon Specialty Chemical Co was 0.11. The lowest was 0.01. And the median was 0.06.

XKRX:268280's Debt-to-Equity is ranked better than
79.09% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs XKRX:268280: 0.09

Miwon Specialty Chemical Co Debt-to-Equity Historical Data

The historical data trend for Miwon Specialty Chemical 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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Miwon Specialty Chemical Co Debt-to-Equity Chart

Miwon Specialty Chemical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.05

0.08

0.10

0.09

Miwon Specialty Chemical 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															0.10	0.10	0.11	0.09	0.09

Competitive Comparison of Miwon Specialty Chemical Co's Debt-to-Equity

For the Chemicals subindustry, Miwon Specialty Chemical 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.

Miwon Specialty Chemical Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Miwon Specialty Chemical Co's Debt-to-Equity distribution charts can be found below:

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

Miwon Specialty Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Miwon Specialty Chemical 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
	=	(32770.926	+	0)	/	373055.947
	=	0.09

Miwon Specialty Chemical 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
	=	(34791.078	+	0)	/	375205.218
	=	0.09

Miwon Specialty Chemical Co (XKRX:268280) 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.

Miwon Specialty Chemical Co Debt-to-Equity Related Terms

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

Miwon Specialty Chemical Co (XKRX:268280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Miwon Specialty Chemical Co Ltd (XKRX:268280) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

20 Poeun-daero 59 beon-gil, Suji-gu, Gyeonggi-do, Yongin-si, KOR, 16864

Website

http://www.miramer.com

Miwon Specialty Chemical Co Ltd is engaged in producing and supplying basic raw materials for UV/EB curing systems. Its products include acrylate and methacrylate monomers, oligomers, photoinitiators and other related fine chemicals. The company has a business presence across the globe. The products offered by the organization has applications on wood, metal, plastic, nail art, printing inks, adhesive, electronic, CD/DVD/Bluray and optical film.

Miwon Specialty Chemical Co (XKRX:268280) Headlines

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