Forward Science (ROCO:7530) Debt-to-Equity : 0.77 (As of Dec. 2023)

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What is Forward Science Debt-to-Equity?

Forward Science's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$133.5 Mil. Forward Science's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$166.0 Mil. Forward Science's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$388.2 Mil. Forward Science's debt to equity for the quarter that ended in Dec. 2023 was 0.77.

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 Forward Science's Debt-to-Equity or its related term are showing as below:

ROCO:7530' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.54 Max: 0.95
Current: 0.77

During the past 6 years, the highest Debt-to-Equity Ratio of Forward Science was 0.95. The lowest was 0.10. And the median was 0.54.

ROCO:7530's Debt-to-Equity is ranked worse than
79.98% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs ROCO:7530: 0.77

Forward Science Debt-to-Equity Historical Data

The historical data trend for Forward Science'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.

Forward Science Debt-to-Equity Chart

Forward Science Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.95

0.57

0.10

0.51

0.77

Forward Science Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.10	0.41	0.51	0.59	0.77

Competitive Comparison of Forward Science's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Forward Science'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.

Forward Science's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Forward Science's Debt-to-Equity distribution charts can be found below:

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

Forward Science Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forward Science'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
	=	(133.545	+	166.032)	/	388.237
	=	0.77

Forward Science'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
	=	(133.545	+	166.032)	/	388.237
	=	0.77

Forward Science (ROCO:7530) 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.

Forward Science Debt-to-Equity Related Terms

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

Forward Science (ROCO:7530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Forward Science Corp (ROCO:7530) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

232 Youyi Road, Miaoli County, Jhunan, TWN, 350

Website

http://www.forward-tek.com.tw

Forward Science Corp is engaged in the manufacturing and maintenance of vacuum pumps. It is also involved in precision parts manufacturing that includes Stainless Processing, Aluminum Processing, Casting Processing, and Metal Finishing among others.

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