Chernan Metal Industrial (ROCO:3631) Debt-to-Equity : 0.81 (As of Mar. 2024)

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What is Chernan Metal Industrial Debt-to-Equity?

Chernan Metal Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$232.30 Mil. Chernan Metal Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$824.43 Mil. Chernan Metal Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,310.39 Mil. Chernan Metal Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.81.

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 Chernan Metal Industrial's Debt-to-Equity or its related term are showing as below:

ROCO:3631' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.56 Max: 0.84
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Chernan Metal Industrial was 0.84. The lowest was 0.41. And the median was 0.56.

ROCO:3631's Debt-to-Equity is ranked worse than
81.51% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs ROCO:3631: 0.81

Chernan Metal Industrial Debt-to-Equity Historical Data

The historical data trend for Chernan Metal Industrial'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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Chernan Metal Industrial Debt-to-Equity Chart

Chernan Metal Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.51

0.59

0.71

0.83

Chernan Metal Industrial 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															0.76	0.84	0.80	0.83	0.81

Competitive Comparison of Chernan Metal Industrial's Debt-to-Equity

For the Metal Fabrication subindustry, Chernan Metal Industrial'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.

Chernan Metal Industrial's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chernan Metal Industrial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chernan Metal Industrial's Debt-to-Equity falls into.

Chernan Metal Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chernan Metal Industrial'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
	=	(405.528	+	640.133)	/	1264.518
	=	0.83

Chernan Metal Industrial'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
	=	(232.297	+	824.433)	/	1310.389
	=	0.81

Chernan Metal Industrial (ROCO:3631) 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.

Chernan Metal Industrial Debt-to-Equity Related Terms

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Chernan Metal Industrial (ROCO:3631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chernan Metal Industrial Corp (ROCO:3631) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 161, Sec. 1, Wanshou Road, 18th Floor-1, Guishan Township, Taoyuan, TWN

Website

http://www.chernan.com

Chernan Metal Industrial Corp manufactures and sells tin and soldering products. The Group's reportable segments are divided into two parts, the domestic segment, and the overseas segment. The domestic business mainly manufactures and sells soldering products and trades semiconductor products. The overseas business mainly manufactures and sells soldered products.

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