Kao Fong Machinery Co (ROCO:4510) Debt-to-Equity : 1.08 (As of Sep. 2024)

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What is Kao Fong Machinery Co Debt-to-Equity?

Kao Fong Machinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$1,140 Mil. Kao Fong Machinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$893 Mil. Kao Fong Machinery Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NT$1,878 Mil. Kao Fong Machinery Co's debt to equity for the quarter that ended in Sep. 2024 was 1.08.

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 Kao Fong Machinery Co's Debt-to-Equity or its related term are showing as below:

ROCO:4510' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.85 Max: 1.52
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Kao Fong Machinery Co was 1.52. The lowest was 0.57. And the median was 0.85.

ROCO:4510's Debt-to-Equity is ranked worse than
88.12% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs ROCO:4510: 1.08

Kao Fong Machinery Co Debt-to-Equity Historical Data

The historical data trend for Kao Fong Machinery 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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Kao Fong Machinery Co Debt-to-Equity Chart

Kao Fong Machinery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.89

0.84

0.86

1.34

Kao Fong Machinery Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.25	1.16	1.21	1.16	1.08

Competitive Comparison of Kao Fong Machinery Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Kao Fong Machinery 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.

Kao Fong Machinery Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kao Fong Machinery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kao Fong Machinery Co's Debt-to-Equity falls into.

Kao Fong Machinery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kao Fong Machinery 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
	=	(1000.707	+	1459.332)	/	1834.15
	=	1.34

Kao Fong Machinery Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1139.987	+	892.941)	/	1877.937
	=	1.08

Kao Fong Machinery Co (ROCO:4510) 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.

Kao Fong Machinery Co Debt-to-Equity Related Terms

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Kao Fong Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kao Fong Machinery Co Ltd (ROCO:4510) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16, Keya Road, Daya district, Taichung, TWN, 42881

Website

http://www.kafo.com.tw

Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. Its products consist of vertical machining centers, horizontal machining centers, numerical control milling machines, as well as bridge machining centers.

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