TTY Biopharm Co (ROCO:4105) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is TTY Biopharm Co Debt-to-Equity?

TTY Biopharm Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,312 Mil. TTY Biopharm Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$402 Mil. TTY Biopharm Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,486 Mil. TTY Biopharm Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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

ROCO:4105' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.38 Max: 0.64
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of TTY Biopharm Co was 0.64. The lowest was 0.13. And the median was 0.38.

ROCO:4105's Debt-to-Equity is ranked worse than
51.35% of 849 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs ROCO:4105: 0.31

TTY Biopharm Co Debt-to-Equity Historical Data

The historical data trend for TTY Biopharm 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.

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TTY Biopharm Co Debt-to-Equity Chart

TTY Biopharm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.28

0.39

0.43

0.33

0.32

TTY Biopharm 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															0.35	0.45	0.39	0.32	0.31

Competitive Comparison of TTY Biopharm Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, TTY Biopharm 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.

TTY Biopharm Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TTY Biopharm Co's Debt-to-Equity distribution charts can be found below:

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

TTY Biopharm Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TTY Biopharm 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
	=	(1511.997	+	403.047)	/	5941.34
	=	0.32

TTY Biopharm 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
	=	(1312.146	+	402.223)	/	5486.332
	=	0.31

TTY Biopharm Co (ROCO:4105) 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.

TTY Biopharm Co Debt-to-Equity Related Terms

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TTY Biopharm Co (ROCO:4105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TTY Biopharm Co Ltd (ROCO:4105) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3-1, Park Street, 3rd Floor, Nangang District, Taipei, TWN, 11503

Website

https://www.tty.com.tw

TTY Biopharm Co Ltd is engaged in the manufacturing and marketing of pharmaceuticals and chemical drugs. The company's operating segment includes Oncology, Health Care, Anti-Infection, Domestic Cardiovascular and Gastrointestinal Drugs, and other segments. It generates maximum revenue from the Oncology segment. Geographically, it derives a majority of revenue from Taiwan and also has a presence in European and Other Countries. Some of its products include Algitab, Alginos, Sulfin, Metacin, Cepiro, Brosym, Colimycin, Cubicin, and others.

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