Syong Shun Metal Co (ROCO:2073) Debt-to-Equity : 0.60 (As of Mar. 2024)

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What is Syong Shun Metal Co Debt-to-Equity?

Syong Shun Metal Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$98.9 Mil. Syong Shun Metal Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$169.6 Mil. Syong Shun Metal Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$451.2 Mil. Syong Shun Metal Co's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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 Syong Shun Metal Co's Debt-to-Equity or its related term are showing as below:

ROCO:2073' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.65 Max: 0.87
Current: 0.6

During the past 5 years, the highest Debt-to-Equity Ratio of Syong Shun Metal Co was 0.87. The lowest was 0.55. And the median was 0.65.

ROCO:2073's Debt-to-Equity is ranked worse than
63.04% of 552 companies
in the Steel industry
Industry Median: 0.43 vs ROCO:2073: 0.60

Syong Shun Metal Co Debt-to-Equity Historical Data

The historical data trend for Syong Shun Metal 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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Syong Shun Metal Co Debt-to-Equity Chart

Syong Shun Metal Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.87

0.62

0.71

0.64

0.58

Syong Shun Metal Co Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.65	0.55	0.64	0.58	0.60

Competitive Comparison of Syong Shun Metal Co's Debt-to-Equity

For the Steel subindustry, Syong Shun Metal 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.

Syong Shun Metal Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Syong Shun Metal Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Syong Shun Metal Co's Debt-to-Equity falls into.

Syong Shun Metal Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Syong Shun Metal 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
	=	(77.867	+	179.81)	/	444.288
	=	0.58

Syong Shun Metal 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
	=	(98.894	+	169.576)	/	451.248
	=	0.59

Syong Shun Metal Co (ROCO:2073) 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.

Syong Shun Metal Co Debt-to-Equity Related Terms

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Syong Shun Metal Co (ROCO:2073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Syong Shun Metal Co Ltd (ROCO:2073) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 393, Shun'an Road, Luzhu District, Kaohsiung City, TWN, 821010

Website

http://www.ssmc.com.tw

Syong Shun Metal Co Ltd is a processing plant for Panyuan wire rods. It is a midstream manufacturing plant in the steel product industry chain. These wire rods are used for screws and nuts, steel wire and steel cables, hand tools, automobiles.

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