Eternal Materials Co (TPE:1717) Debt-to-Equity : 0.90 (As of Dec. 2023)

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What is Eternal Materials Co Debt-to-Equity?

Eternal Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$10,159 Mil. Eternal Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$12,027 Mil. Eternal Materials Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$24,735 Mil. Eternal Materials Co's debt to equity for the quarter that ended in Dec. 2023 was 0.90.

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

TPE:1717' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.92 Max: 1.23
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Eternal Materials Co was 1.23. The lowest was 0.75. And the median was 0.92.

TPE:1717's Debt-to-Equity is ranked worse than
82.46% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:1717: 0.90

Eternal Materials Co Debt-to-Equity Historical Data

The historical data trend for Eternal Materials 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.

Eternal Materials Co Debt-to-Equity Chart

Eternal Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.91

0.93

0.94

0.90

Eternal Materials Co 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															0.94	0.93	1.01	0.94	0.90

Competitive Comparison of Eternal Materials Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Eternal Materials 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.

Eternal Materials Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eternal Materials Co's Debt-to-Equity distribution charts can be found below:

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

Eternal Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eternal Materials 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
	=	(10158.566	+	12027.086)	/	24734.63
	=	0.90

Eternal Materials Co'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
	=	(10158.566	+	12027.086)	/	24734.63
	=	0.90

Eternal Materials Co (TPE:1717) 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.

Eternal Materials Co Debt-to-Equity Related Terms

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

Eternal Materials Co (TPE:1717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eternal Materials Co Ltd (TPE:1717) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 578, Jiangong Road, Sanmin District, Kaohsiung, TWN, 807

Website

https://www.eternal-group.com

Eternal Materials Co Ltd manufactures and sells a variety of chemicals and chemical-based products in three categories. The synthetic resin category sells adhesive, fluorocarbon, polyester, polyurethane, and vinyl resins used in tapes, labels, stickers, household goods, paints, and solar panels. The specialty materials category sells silicone products used for ceramics, paints, and coatings as well as LED packaging materials used in televisions, iPads, laptops, and other electronics. The electronics materials category sells products used in printed circuit boards and flat panel displays. Eternal Materials sells its products in Asia and the United States.

Eternal Materials Co (TPE:1717) Headlines

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