Taiwan Shin Kong Security Co (TPE:9925) Debt-to-Equity : 0.26 (As of Mar. 2024)

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What is Taiwan Shin Kong Security Co Debt-to-Equity?

Taiwan Shin Kong Security Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,642 Mil. Taiwan Shin Kong Security Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$270 Mil. Taiwan Shin Kong Security Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$11,386 Mil. Taiwan Shin Kong Security Co's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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 Taiwan Shin Kong Security Co's Debt-to-Equity or its related term are showing as below:

TPE:9925' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.24 Max: 0.32
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Taiwan Shin Kong Security Co was 0.32. The lowest was 0.07. And the median was 0.24.

TPE:9925's Debt-to-Equity is ranked better than
59.59% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs TPE:9925: 0.26

Taiwan Shin Kong Security Co Debt-to-Equity Historical Data

The historical data trend for Taiwan Shin Kong Security 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.

Taiwan Shin Kong Security Co Debt-to-Equity Chart

Taiwan Shin Kong Security Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.23

0.25

0.27

Taiwan Shin Kong Security Co 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															0.25	0.28	0.30	0.27	0.26

Competitive Comparison of Taiwan Shin Kong Security Co's Debt-to-Equity

For the Security & Protection Services subindustry, Taiwan Shin Kong Security 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.

Taiwan Shin Kong Security Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Taiwan Shin Kong Security Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Taiwan Shin Kong Security Co's Debt-to-Equity falls into.

Taiwan Shin Kong Security Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiwan Shin Kong Security 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
	=	(2779.165	+	279.789)	/	11185.87
	=	0.27

Taiwan Shin Kong Security 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
	=	(2642.22	+	269.529)	/	11385.924
	=	0.26

Taiwan Shin Kong Security Co (TPE:9925) 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.

Taiwan Shin Kong Security Co Debt-to-Equity Related Terms

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Taiwan Shin Kong Security Co (TPE:9925) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Taiwan Shin Kong Security Co Ltd (TPE:9925) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128, Xing'ai Road, Neihu District, Taipei, TWN

Website

https://www.sks.com.tw

Taiwan Shin Kong Security Co Ltd is a Taiwanese security systems provider. The company's range of products and services includes residential security systems, monitoring systems, safety products, home protection systems, long-term home care systems, vehicle security systems, and commercial security systems for factories, offices, hospitals, and retail shops, as well as security robotics research and development. Taiwan Shin Kong Security is part of the Shin Kong Group, which operates companies in the financial services, energy, real estate, manufacturing, healthcare, and consumer service sectors.

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