Bitnine Co (XKRX:357880) Debt-to-Equity : 1.46 (As of Dec. 2023)

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What is Bitnine Co Debt-to-Equity?

Bitnine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩21,083 Mil. Bitnine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,177 Mil. Bitnine Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩15,284 Mil. Bitnine Co's debt to equity for the quarter that ended in Dec. 2023 was 1.46.

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

XKRX:357880' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.04 Med: 0.5 Max: 1.46
Current: 1.46

During the past 4 years, the highest Debt-to-Equity Ratio of Bitnine Co was 1.46. The lowest was -1.04. And the median was 0.50.

XKRX:357880's Debt-to-Equity is ranked worse than
90.28% of 2223 companies
in the Software industry
Industry Median: 0.21 vs XKRX:357880: 1.46

Bitnine Co Debt-to-Equity Historical Data

The historical data trend for Bitnine 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.

Bitnine Co Debt-to-Equity Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.20

-1.04

0.01

0.59

Bitnine Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.59	0.62	0.85	1.11	1.46

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

For the Software - Infrastructure subindustry, Bitnine 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.

Bitnine Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Bitnine Co's Debt-to-Equity distribution charts can be found below:

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

Bitnine Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bitnine Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(688.022	+	18975.999)	/	33500.838
	=	0.59

Bitnine 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
	=	(21082.599	+	1177.241)	/	15283.92
	=	1.46

Bitnine Co (XKRX:357880) 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.

Bitnine Co Debt-to-Equity Related Terms

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

Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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