ASE Technology Holding Co (TPE:3711) Debt-to-Equity

: 0.61 (As of Dec. 2023)

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ASE Technology Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$70,203 Mil. ASE Technology Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$109,014 Mil. ASE Technology Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$294,480 Mil. ASE Technology Holding Co's debt to equity for the quarter that ended in Dec. 2023 was 0.61.

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 ASE Technology Holding Co's Debt-to-Equity or its related term are showing as below:

TPE:3711' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.75 Max: 1.11
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of ASE Technology Holding Co was 1.11. The lowest was 0.41. And the median was 0.75.

TPE:3711's Debt-to-Equity is ranked worse than
74.69% of 877 companies
in the Semiconductors industry
Industry Median: 0.26 vs TPE:3711: 0.61

ASE Technology Holding Co Debt-to-Equity Historical Data

The historical data trend for ASE Technology Holding 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.

ASE Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.11

0.92

0.85

0.65

0.61

ASE Technology Holding 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																0.65	0.68	0.65	0.72	0.61

Competitive Comparison

For the Semiconductors subindustry, ASE Technology Holding 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.

ASE Technology Holding Co Debt-to-Equity Distribution

For the Semiconductors industry and Technology sector, ASE Technology Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ASE Technology Holding Co's Debt-to-Equity falls into.

ASE Technology Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASE Technology Holding 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
	=	(70203.103	+	109013.649)	/	294480.108
	=	0.61

ASE Technology Holding 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
	=	(70203.103	+	109013.649)	/	294480.108
	=	0.61

ASE Technology Holding Co (TPE:3711) 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.

ASE Technology Holding Co Debt-to-Equity Related Terms

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ASE Technology Holding Co (TPE:3711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASE Technology Holding Co Ltd (TPE:3711) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ASX:USA 2DQ:Germany

Address

No. 26, Chin Third Road, Nanzih District, Kaohsiung, TWN, 811

Website

https://www.aseglobal.com

ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

ASE Technology Holding Co (TPE:3711) Headlines

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