Winston Medical Supply Co (ROCO:6817) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Winston Medical Supply Co Debt-to-Equity?

Winston Medical Supply Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$51.3 Mil. Winston Medical Supply Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$56.1 Mil. Winston Medical Supply Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$427.9 Mil. Winston Medical Supply Co's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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

ROCO:6817' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.63 Max: 1.51
Current: 0.25

During the past 7 years, the highest Debt-to-Equity Ratio of Winston Medical Supply Co was 1.51. The lowest was 0.25. And the median was 0.63.

ROCO:6817's Debt-to-Equity is ranked better than
54.6% of 848 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs ROCO:6817: 0.25

Winston Medical Supply Co Debt-to-Equity Historical Data

The historical data trend for Winston Medical Supply 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.

Winston Medical Supply Co Debt-to-Equity Chart

Winston Medical Supply Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.51

0.63

0.32

0.26

0.25

Winston Medical Supply Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.32	0.34	0.26	0.51	0.25

Competitive Comparison of Winston Medical Supply Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Winston Medical Supply 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.

Winston Medical Supply Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Winston Medical Supply Co's Debt-to-Equity distribution charts can be found below:

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

Winston Medical Supply Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Winston Medical Supply 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
	=	(51.272	+	56.057)	/	427.901
	=	0.25

Winston Medical Supply 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
	=	(51.272	+	56.057)	/	427.901
	=	0.25

Winston Medical Supply Co (ROCO:6817) 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.

Winston Medical Supply Co Debt-to-Equity Related Terms

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Winston Medical Supply Co (ROCO:6817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Winston Medical Supply Co Ltd (ROCO:6817) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 Renai Street, Yanzhouli, Yongkang District, Tainan, TWN, 710

Website

https://www.winston.com.tw

Winston Medical Supply Co Ltd is a manufacturer of medical products. It produces sterile ophthalmic preparations, hormone preparations and healthy products.

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