Miramar Hospitality Co (ROCO:2730) Debt-to-Equity : 1.96 (As of Jun. 2023)

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What is Miramar Hospitality Co Debt-to-Equity?

Miramar Hospitality Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was NT$216.9 Mil. Miramar Hospitality Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was NT$523.0 Mil. Miramar Hospitality Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was NT$378.2 Mil. Miramar Hospitality Co's debt to equity for the quarter that ended in Jun. 2023 was 1.96.

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

ROCO:2730' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 0.91 Max: 2.21
Current: 1.96

During the past 13 years, the highest Debt-to-Equity Ratio of Miramar Hospitality Co was 2.21. The lowest was 0.72. And the median was 0.91.

ROCO:2730's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs ROCO:2730: 1.96

Miramar Hospitality Co Debt-to-Equity Historical Data

The historical data trend for Miramar Hospitality 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.

Miramar Hospitality Co Debt-to-Equity Chart

Miramar Hospitality Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.76

1.67

2.21

1.67

1.70

Miramar Hospitality Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															2.08	1.67	1.58	1.70	1.96

Competitive Comparison of Miramar Hospitality Co's Debt-to-Equity

For the Lodging subindustry, Miramar Hospitality 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.

Miramar Hospitality Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Miramar Hospitality Co's Debt-to-Equity distribution charts can be found below:

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

Miramar Hospitality Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Miramar Hospitality Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(151.167	+	513.277)	/	391.135
	=	1.70

Miramar Hospitality Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(216.94	+	522.978)	/	378.156
	=	1.96

Miramar Hospitality Co (ROCO:2730) 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.

Miramar Hospitality Co Debt-to-Equity Related Terms

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

Miramar Hospitality Co (ROCO:2730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hospitality Co Ltd (ROCO:2730) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

83 Civic Boulevard, Section 3, Taipei, TWN

Website

http://www.miramargarden.com.tw

Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

Miramar Hospitality Co (ROCO:2730) Headlines

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