Sao Ta Foods JSC (STC:FMC) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Sao Ta Foods JSC Debt-to-Equity?

Sao Ta Foods JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫778,303 Mil. Sao Ta Foods JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫0 Mil. Sao Ta Foods JSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫2,078,435 Mil. Sao Ta Foods JSC's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Sao Ta Foods JSC's Debt-to-Equity or its related term are showing as below:

STC:FMC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.45 Max: 0.86
Current: 0.37

During the past 6 years, the highest Debt-to-Equity Ratio of Sao Ta Foods JSC was 0.86. The lowest was 0.23. And the median was 0.45.

STC:FMC's Debt-to-Equity is ranked better than
53.49% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs STC:FMC: 0.37

Sao Ta Foods JSC Debt-to-Equity Historical Data

The historical data trend for Sao Ta Foods JSC'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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Sao Ta Foods JSC Debt-to-Equity Chart

Sao Ta Foods JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.41

0.23

0.27

0.41

Sao Ta Foods JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.48	0.59	0.41	0.37

Competitive Comparison of Sao Ta Foods JSC's Debt-to-Equity

For the Packaged Foods subindustry, Sao Ta Foods JSC'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.

Sao Ta Foods JSC's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sao Ta Foods JSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sao Ta Foods JSC's Debt-to-Equity falls into.

Sao Ta Foods JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sao Ta Foods JSC'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
	=	(824121.976	+	0)	/	2028737.268
	=	0.41

Sao Ta Foods JSC's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(778303.118	+	0)	/	2078435.142
	=	0.37

Sao Ta Foods JSC (STC:FMC) 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.

Sao Ta Foods JSC Debt-to-Equity Related Terms

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Sao Ta Foods JSC (STC:FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sao Ta Foods JSC (STC:FMC) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Km 2132 National Highway 1A, Ward 2, Soc Trang town, Soc Trang, VNM

Website

https://www.fimexvn.com

Sao Ta Foods JSC is engaged in processing and exporting frozen shrimps. It offers raw, cooked, and breaded shrimps; nobashi vannamei and black tiger shrimp products; and frozen vegetables to restaurant and distribution chains.