Merida Industry Co (TPE:9914) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Merida Industry Co Debt-to-Equity?

Merida Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6,275 Mil. Merida Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,149 Mil. Merida Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$21,776 Mil. Merida Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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 Merida Industry Co's Debt-to-Equity or its related term are showing as below:

TPE:9914' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.16 Max: 0.46
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Merida Industry Co was 0.46. The lowest was 0.12. And the median was 0.16.

TPE:9914's Debt-to-Equity is ranked better than
59.01% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs TPE:9914: 0.34

Merida Industry Co Debt-to-Equity Historical Data

The historical data trend for Merida Industry 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.

Merida Industry Co Debt-to-Equity Chart

Merida Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.15

0.19

0.17

0.23

0.32

Merida Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.38	0.46	0.42	0.34

Competitive Comparison of Merida Industry Co's Debt-to-Equity

For the Leisure subindustry, Merida Industry 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.

Merida Industry Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Merida Industry Co's Debt-to-Equity falls into.

Merida Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Merida Industry Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(5279.035	+	1250.425)	/	20583.685
	=	0.32

Merida Industry Co'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
	=	(6275.146	+	1149.315)	/	21775.847
	=	0.34

Merida Industry Co (TPE:9914) 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.

Merida Industry Co Debt-to-Equity Related Terms

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

Merida Industry Co (TPE:9914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merida Industry Co Ltd (TPE:9914) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 116, Meigang Road, Dacun Township, Changhua County, Yuanlin, TWN

Website

https://www.merida-bikes.com

Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Merida distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.

Merida Industry Co (TPE:9914) Headlines

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