Lat Co (XKRX:311060) Debt-to-Equity : 2.62 (As of Dec. 2023)

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What is Lat Co Debt-to-Equity?

Lat Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩5,194 Mil. Lat Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩8,011 Mil. Lat Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩5,034 Mil. Lat Co's debt to equity for the quarter that ended in Dec. 2023 was 2.62.

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

XKRX:311060' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 2.62 Max: 5.33
Current: 2.62

During the past 3 years, the highest Debt-to-Equity Ratio of Lat Co was 5.33. The lowest was 1.20. And the median was 2.62.

XKRX:311060's Debt-to-Equity is ranked worse than
97.33% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs XKRX:311060: 2.62

Lat Co Debt-to-Equity Historical Data

The historical data trend for Lat 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.

Lat Co Debt-to-Equity Chart

Lat Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

5.33

1.20

2.62

Lat Co Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Equity	5.33	1.20	2.62

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

For the Specialty Industrial Machinery subindustry, Lat 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.

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

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

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

Lat Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lat 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
	=	(5194.258	+	8010.878)	/	5033.641
	=	2.62

Lat 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
	=	(5194.258	+	8010.878)	/	5033.641
	=	2.62

Lat Co (XKRX:311060) 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.

Lat Co Debt-to-Equity Related Terms

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

Lat Co (XKRX:311060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lat Co Ltd (XKRX:311060) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643

Website

http://www.latplasma.com

Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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