CTR Mobility Co (XKRX:308170) Debt-to-Equity : 1.75 (As of Mar. 2024)

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What is CTR Mobility Co Debt-to-Equity?

CTR Mobility Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩82,655 Mil. CTR Mobility Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩62,772 Mil. CTR Mobility Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩83,204 Mil. CTR Mobility Co's debt to equity for the quarter that ended in Mar. 2024 was 1.75.

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

XKRX:308170' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.18 Max: 1.75
Current: 1.75

During the past 8 years, the highest Debt-to-Equity Ratio of CTR Mobility Co was 1.75. The lowest was 0.81. And the median was 1.18.

XKRX:308170's Debt-to-Equity is ranked worse than
90.23% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XKRX:308170: 1.75

CTR Mobility Co Debt-to-Equity Historical Data

The historical data trend for CTR Mobility 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.

CTR Mobility Co Debt-to-Equity Chart

CTR Mobility Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.90

0.97

1.18

1.27

1.64

CTR Mobility 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															1.38	1.26	1.27	1.64	1.75

Competitive Comparison of CTR Mobility Co's Debt-to-Equity

For the Auto Parts subindustry, CTR Mobility 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.

CTR Mobility Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CTR Mobility Co's Debt-to-Equity distribution charts can be found below:

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

CTR Mobility Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CTR Mobility 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
	=	(76810.541	+	62310.047)	/	85104.082
	=	1.63

CTR Mobility 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
	=	(82654.779	+	62772.443)	/	83204.033
	=	1.75

CTR Mobility Co (XKRX:308170) 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.

CTR Mobility Co Debt-to-Equity Related Terms

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

CTR Mobility Co (XKRX:308170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CTR Mobility Co Ltd (XKRX:308170) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

115, Modular Industrial Road, Buk-gu, Ulsan, KOR

Website

http://www.centralmotek.co.kr

Central Motek Co Ltd is engaged in the auto parts business. It produces and delivers drives, suspensions. Its products include Clutch, axle, transmission, gears, propulsion shaft, differential gear, Axle, Control Arm, String Spring, Shock Observer, and Stabilizer.

CTR Mobility Co (XKRX:308170) Headlines

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