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Skonec Entertainment Co (XKRX:276040) Equity-to-Asset : 0.88 (As of Sep. 2024)


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What is Skonec Entertainment Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Skonec Entertainment Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₩18,465 Mil. Skonec Entertainment Co's Total Assets for the quarter that ended in Sep. 2024 was ₩20,909 Mil. Therefore, Skonec Entertainment Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.88.

The historical rank and industry rank for Skonec Entertainment Co's Equity-to-Asset or its related term are showing as below:

XKRX:276040' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.24   Med: 0.87   Max: 0.91
Current: 0.88

During the past 5 years, the highest Equity to Asset Ratio of Skonec Entertainment Co was 0.91. The lowest was -0.24. And the median was 0.87.

XKRX:276040's Equity-to-Asset is ranked better than
88.05% of 586 companies
in the Interactive Media industry
Industry Median: 0.64 vs XKRX:276040: 0.88

Skonec Entertainment Co Equity-to-Asset Historical Data

The historical data trend for Skonec Entertainment Co's Equity-to-Asset 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.

Skonec Entertainment Co Equity-to-Asset Chart

Skonec Entertainment Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
-1.47 -0.24 -0.09 0.86 0.88

Skonec Entertainment Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.88 0.91 0.90 0.88

Competitive Comparison of Skonec Entertainment Co's Equity-to-Asset

For the Electronic Gaming & Multimedia subindustry, Skonec Entertainment Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Skonec Entertainment Co's Equity-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Skonec Entertainment Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Skonec Entertainment Co's Equity-to-Asset falls into.



Skonec Entertainment Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Skonec Entertainment Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=22795.808/25795.966
=0.88

Skonec Entertainment Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=18465.424/20908.571
=0.88

* 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.


Skonec Entertainment Co  (XKRX:276040) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Skonec Entertainment Co Equity-to-Asset Related Terms

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Skonec Entertainment Co Business Description

Traded in Other Exchanges
N/A
Address
577, Seolleung-ro, Gangnam-gu, 9th Floor, Chosun-naehwa B/D, 577, Yeoksam-dong, Seoul, KOR, 06143
Skonec Entertainment Co Ltd is a virtual reality and immersive content development technology. It has created various content and services using the 4th industrial element technologies such as 5G, VR, and AR. The company's businesses include the Metaverse VR game business, XR education and training project, and XR Future Business.

Skonec Entertainment Co Headlines

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