SK Chemicals Co (XKRX:28513K) Debt-to-Equity : 0.74 (As of Sep. 2024)

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What is SK Chemicals Co Debt-to-Equity?

SK Chemicals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩574,491 Mil. SK Chemicals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩1,019,504 Mil. SK Chemicals Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₩2,153,108 Mil. SK Chemicals Co's debt to equity for the quarter that ended in Sep. 2024 was 0.74.

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

XKRX:28513K' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.72 Max: 1.58
Current: 0.74

During the past 7 years, the highest Debt-to-Equity Ratio of SK Chemicals Co was 1.58. The lowest was 0.21. And the median was 0.72.

XKRX:28513K's Debt-to-Equity is ranked worse than
74.46% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs XKRX:28513K: 0.74

SK Chemicals Co Debt-to-Equity Historical Data

The historical data trend for SK Chemicals 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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SK Chemicals Co Debt-to-Equity Chart

SK Chemicals Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.58

0.74

0.24

0.34

0.52

SK Chemicals Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.52	0.65	0.72	0.74

Competitive Comparison of SK Chemicals Co's Debt-to-Equity

For the Specialty Chemicals subindustry, SK Chemicals 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.

SK Chemicals Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

SK Chemicals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SK Chemicals 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
	=	(463790.193	+	646098.321)	/	2118704.263
	=	0.52

SK Chemicals Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(574490.568	+	1019504.484)	/	2153107.557
	=	0.74

SK Chemicals Co (XKRX:28513K) 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.

SK Chemicals Co Debt-to-Equity Related Terms

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

SK Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SK Chemicals Co Ltd (XKRX:28513K) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

285130:Korea

Address

310, Pangyo-ro, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13494

Website

http://www.skchemicals.com

SK Chemicals Co Ltd is mainly engaged in manufacturing chemical products in Korea. The Green Chemicals of the company include Copolyester, 3D Printing Materials, Coating, and Adhesive Material, Engineering Plastic and BioMaterial among others. The company is also involved in Life science business which includes Prescription Medicines, Vaccines, and OTC Medicines.

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