Far Eastern Department Stores (TPE:2903) Debt-to-Equity : 1.90 (As of Dec. 2023)

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What is Far Eastern Department Stores Debt-to-Equity?

Far Eastern Department Stores's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$16,830 Mil. Far Eastern Department Stores's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$42,647 Mil. Far Eastern Department Stores's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$31,322 Mil. Far Eastern Department Stores's debt to equity for the quarter that ended in Dec. 2023 was 1.90.

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 Far Eastern Department Stores's Debt-to-Equity or its related term are showing as below:

TPE:2903' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.07 Med: 1.39 Max: 1.94
Current: 1.9

During the past 13 years, the highest Debt-to-Equity Ratio of Far Eastern Department Stores was 1.94. The lowest was 1.07. And the median was 1.39.

TPE:2903's Debt-to-Equity is ranked worse than
85.13% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs TPE:2903: 1.90

Far Eastern Department Stores Debt-to-Equity Historical Data

The historical data trend for Far Eastern Department Stores'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.

Far Eastern Department Stores Debt-to-Equity Chart

Far Eastern Department Stores Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.94

1.80

1.79

1.58

1.90

Far Eastern Department Stores 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															1.58	1.50	1.50	1.46	1.90

Competitive Comparison of Far Eastern Department Stores's Debt-to-Equity

For the Department Stores subindustry, Far Eastern Department Stores'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.

Far Eastern Department Stores's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's Debt-to-Equity falls into.

Far Eastern Department Stores Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Far Eastern Department Stores'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
	=	(16829.534	+	42647.194)	/	31322.486
	=	1.90

Far Eastern Department Stores'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
	=	(16829.534	+	42647.194)	/	31322.486
	=	1.90

Far Eastern Department Stores (TPE:2903) 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.

Far Eastern Department Stores Debt-to-Equity Related Terms

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Far Eastern Department Stores (TPE:2903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Far Eastern Department Stores Ltd (TPE:2903) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Xinzhan Road, 18th Floor, Banqiao District, New Taipei, TWN, 220

Website

https://www.feds.com.tw

Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores. The company also operates hypermarkets and shopping malls. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. The company also provides other services, such as vehicle repair and operation of parking lots and gas stations. Most of the company's stores are located in Taiwan.

Far Eastern Department Stores (TPE:2903) Headlines

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