Cowintech Co (XKRX:282880) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Cowintech Co Debt-to-Equity?

Cowintech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩34,651 Mil. Cowintech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩38,022 Mil. Cowintech Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩163,086 Mil. Cowintech Co's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

XKRX:282880' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.45 Max: 0.71
Current: 0.45

During the past 7 years, the highest Debt-to-Equity Ratio of Cowintech Co was 0.71. The lowest was 0.00. And the median was 0.45.

XKRX:282880's Debt-to-Equity is ranked worse than
62.81% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs XKRX:282880: 0.45

Cowintech Co Debt-to-Equity Historical Data

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

Cowintech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.38

0.56

0.45

Cowintech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.52	0.43	0.29	0.45

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

For the Specialty Industrial Machinery subindustry, Cowintech 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.

Cowintech Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cowintech Co's Debt-to-Equity distribution charts can be found below:

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

Cowintech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cowintech 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
	=	(34650.714	+	38022.154)	/	163086.421
	=	0.45

Cowintech 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
	=	(34650.714	+	38022.154)	/	163086.421
	=	0.45

Cowintech Co (XKRX:282880) 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.

Cowintech Co Debt-to-Equity Related Terms

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

Cowintech Co (XKRX:282880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cowintech Co Ltd (XKRX:282880) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Lane 1593, Seokgok-ri, Lunpo-myeon, Asan Valley East Road 254, Chungcheongnam-do, Asan-si, KOR

Website

http://www.cowintech.com

Cowintech Co Ltd is a South Korea based company engaged in system design business which includes Product consulting, Selection of cost and investment cost, Propose / present automation solution and Initial Design and Layout. It is also focused on Automation equipment, Maintenance and Control system.

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