Cayman Golden Century Wheel Group (XKRX:900280) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Cayman Golden Century Wheel Group Debt-to-Equity?

Cayman Golden Century Wheel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩15,261 Mil. Cayman Golden Century Wheel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩3,118 Mil. Cayman Golden Century Wheel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₩133,719 Mil. Cayman Golden Century Wheel Group's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 Cayman Golden Century Wheel Group's Debt-to-Equity or its related term are showing as below:

XKRX:900280' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.18
Current: 0.14

During the past 9 years, the highest Debt-to-Equity Ratio of Cayman Golden Century Wheel Group was 0.18. The lowest was 0.04. And the median was 0.08.

XKRX:900280's Debt-to-Equity is ranked better than
77.42% of 186 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.43 vs XKRX:900280: 0.14

Cayman Golden Century Wheel Group Debt-to-Equity Historical Data

The historical data trend for Cayman Golden Century Wheel Group'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.

Cayman Golden Century Wheel Group Debt-to-Equity Chart

Cayman Golden Century Wheel Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.05

0.08

0.04

0.14

Cayman Golden Century Wheel Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.05	0.06	0.09	0.14

Competitive Comparison of Cayman Golden Century Wheel Group's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Cayman Golden Century Wheel Group'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.

Cayman Golden Century Wheel Group's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cayman Golden Century Wheel Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cayman Golden Century Wheel Group's Debt-to-Equity falls into.

Cayman Golden Century Wheel Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cayman Golden Century Wheel Group'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
	=	(15260.95	+	3117.683)	/	133718.913
	=	0.14

Cayman Golden Century Wheel Group'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
	=	(15260.95	+	3117.683)	/	133718.913
	=	0.14

Cayman Golden Century Wheel Group (XKRX:900280) 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.

Cayman Golden Century Wheel Group Debt-to-Equity Related Terms

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Cayman Golden Century Wheel Group (XKRX:900280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cayman Golden Century Wheel Group Ltd (XKRX:900280) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 4, Willow House, P O Box 2084, Cricket Square, Grand Cayman, CYM, KY1-1112

Website

http://www.jsj-wheel.co.kr

Cayman Golden Century Wheel Group Ltd is engaged in the manufacturing of special purpose machinery. It operates through the following business units: Wheel, Tire, and Other. Geographically the company distributes its products within domestic market and to overseas markets.

Cayman Golden Century Wheel Group (XKRX:900280) Headlines

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