Innovex Co (XKRX:279060) Debt-to-Equity : 113.74 (As of Dec. 2023)

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What is Innovex Co Debt-to-Equity?

Innovex Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,647 Mil. Innovex Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩859 Mil. Innovex Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩22 Mil. Innovex Co's debt to equity for the quarter that ended in Dec. 2023 was 113.74.

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

XKRX:279060' s Debt-to-Equity Range Over the Past 10 Years
Min: -305.72 Med: -2.43 Max: 113.74
Current: 113.74

During the past 5 years, the highest Debt-to-Equity Ratio of Innovex Co was 113.74. The lowest was -305.72. And the median was -2.43.

XKRX:279060's Debt-to-Equity is ranked worse than
99.88% of 831 companies
in the Media - Diversified industry
Industry Median: 0.29 vs XKRX:279060: 113.74

Innovex Co Debt-to-Equity Historical Data

The historical data trend for Innovex 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.

Innovex Co Debt-to-Equity Chart

Innovex Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-305.72

-3.33

-2.43

0.91

113.74

Innovex Co Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	-305.72	-3.33	-2.43	0.91	113.74

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

For the Advertising Agencies subindustry, Innovex 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.

Innovex Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Innovex Co's Debt-to-Equity distribution charts can be found below:

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

Innovex Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innovex 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
	=	(1646.546	+	858.589)	/	22.025
	=	113.74

Innovex Co'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
	=	(1646.546	+	858.589)	/	22.025
	=	113.74

Innovex Co (XKRX:279060) 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.

Innovex Co Debt-to-Equity Related Terms

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Innovex Co (XKRX:279060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Innovex Co Ltd (XKRX:279060) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Cheongmyeongnam-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 16704

Website

http://www.innovex.co.kr

Innovex Co Ltd is involved in providing technology related solutions for advertising. It provides Tunnel Advertising System which is an imaging system which creates advertisement screens on the dark side of tunnel with LED bars installed on the wall of the tunnel. The company also provides others solutions including Spin TV, Wing TV and DDM.

Innovex Co (XKRX:279060) Headlines

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