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Korea Miracle People Co (XKRX:331660) Debt-to-Equity : -7.31 (As of Dec. 2023)


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What is Korea Miracle People Co Debt-to-Equity?

Korea Miracle People Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩12,714 Mil. Korea Miracle People Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,954 Mil. Korea Miracle People Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩-2,005 Mil. Korea Miracle People Co's debt to equity for the quarter that ended in Dec. 2023 was -7.31.

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

XKRX:331660' s Debt-to-Equity Range Over the Past 10 Years
Min: -32.54   Med: 3.84   Max: 62.64
Current: -7.31

During the past 5 years, the highest Debt-to-Equity Ratio of Korea Miracle People Co was 62.64. The lowest was -32.54. And the median was 3.84.

XKRX:331660's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs XKRX:331660: -7.31

Korea Miracle People Co Debt-to-Equity Historical Data

The historical data trend for Korea Miracle People 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.

Korea Miracle People Co Debt-to-Equity Chart

Korea Miracle People Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
4.69 3.84 62.64 -32.54 -7.31

Korea Miracle People Co Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity 4.69 3.84 62.64 -32.54 -7.31

Competitive Comparison of Korea Miracle People Co's Debt-to-Equity

For the Household & Personal Products subindustry, Korea Miracle People 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.

Korea Miracle People Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Korea Miracle People Co's Debt-to-Equity distribution charts can be found below:

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


Korea Miracle People Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korea Miracle People 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
=(12714.235 + 1954.318) / -2005.498
=-7.31

Korea Miracle People 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
=(12714.235 + 1954.318) / -2005.498
=-7.31

* 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.

Korea Miracle People Co  (XKRX:331660) 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.

Korea Miracle People Co Debt-to-Equity Related Terms

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Korea Miracle People Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Korea Miracle People Co Ltd (XKRX:331660) » Definitions » Debt-to-Equity
Comparable Companies
XKRX:286000 XKRX:257990 XKRX:233990 XKRX:250030 XKRX:266870 XKRX:086220 XKRX:270210 XKRX:317860 XKRX:227610 XKRX:123330 PG XPAR:OR LSE:ULVR EL BOM:500696 CL LSE:RKT KMB XTER:HEN3 XTER:BEI
Traded in Other Exchanges
N/A
Address
94-1, Yongjeong Economic Road 1-gil, Gunnae-myeon, Gyeonggi-do, Pocheon-si, KOR
Website
http://www.kmpc.co.kr
Korea Miracle People Co Ltd is a multipurpose cleaner manufacturer that researches and develops eco-friendly cleaners that are safe for both humans and the environment. The cleaners are generally offered for household use.

Korea Miracle People Co Headlines

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