Shinhan 13th Special Purpose Acquisition Company Co (XKRX:474930) Debt-to-Equity : 0.07 (As of Dec. 2024)

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What is Shinhan 13th Special Purpose Acquisition Company Co Debt-to-Equity?

Shinhan 13th Special Purpose Acquisition Company Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩0.00 Mil. Shinhan 13th Special Purpose Acquisition Company Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩489.59 Mil. Shinhan 13th Special Purpose Acquisition Company Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₩6,661.26 Mil. Shinhan 13th Special Purpose Acquisition Company Co's debt to equity for the quarter that ended in Dec. 2024 was 0.07.

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 Shinhan 13th Special Purpose Acquisition Company Co's Debt-to-Equity or its related term are showing as below:

XKRX:474930' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.07 Max: 0.07
Current: 0.07

During the past 2 years, the highest Debt-to-Equity Ratio of Shinhan 13th Special Purpose Acquisition Company Co was 0.07. The lowest was 0.07. And the median was 0.07.

XKRX:474930's Debt-to-Equity is ranked better than
79.64% of 221 companies
in the Diversified Financial Services industry
Industry Median: 0.16 vs XKRX:474930: 0.07

Shinhan 13th Special Purpose Acquisition Company Co Debt-to-Equity Historical Data

The historical data trend for Shinhan 13th Special Purpose Acquisition Company 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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Shinhan 13th Special Purpose Acquisition Company Co Debt-to-Equity Chart

Shinhan 13th Special Purpose Acquisition Company Co Annual Data

Trend

Dec23

Dec24

Debt-to-Equity

0.07

Shinhan 13th Special Purpose Acquisition Company Co Quarterly Data
	Dec23	Jun24	Sep24	Dec24
Debt-to-Equity	-	0.07	0.07	0.07

Competitive Comparison of Shinhan 13th Special Purpose Acquisition Company Co's Debt-to-Equity

For the Shell Companies subindustry, Shinhan 13th Special Purpose Acquisition Company 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.

Shinhan 13th Special Purpose Acquisition Company Co's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Shinhan 13th Special Purpose Acquisition Company Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shinhan 13th Special Purpose Acquisition Company Co's Debt-to-Equity falls into.

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Shinhan 13th Special Purpose Acquisition Company Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinhan 13th Special Purpose Acquisition Company Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0	+	489.592)	/	6661.257
	=	0.07

Shinhan 13th Special Purpose Acquisition Company Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	489.592)	/	6661.257
	=	0.07

Shinhan 13th Special Purpose Acquisition Company Co (XKRX:474930) 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.

Shinhan 13th Special Purpose Acquisition Company Co Debt-to-Equity Related Terms

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Shinhan 13th Special Purpose Acquisition Company Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Shinhan 13th Special Purpose Acquisition Company Co Ltd (XKRX:474930) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Yeoui-daero, Yeongdeungpo-gu, Yeouido-dong, Seoul, KOR

Website

Shinhan 13th Special Purpose Acquisition Company Co Ltd is a special purpose acquisition company.

Shinhan 13th Special Purpose Acquisition Company Co Headlines

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