Good Finance Securities Co (ROCO:6021) Debt-to-Equity : 1.04 (As of Sep. 2024)

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What is Good Finance Securities Co Debt-to-Equity?

Good Finance Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$6,577 Mil. Good Finance Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$1,601 Mil. Good Finance Securities Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NT$7,856 Mil. Good Finance Securities Co's debt to equity for the quarter that ended in Sep. 2024 was 1.04.

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 Good Finance Securities Co's Debt-to-Equity or its related term are showing as below:

ROCO:6021' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.48 Max: 1.04
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Good Finance Securities Co was 1.04. The lowest was 0.00. And the median was 0.48.

ROCO:6021's Debt-to-Equity is ranked worse than
76.21% of 597 companies
in the Capital Markets industry
Industry Median: 0.3 vs ROCO:6021: 1.04

Good Finance Securities Co Debt-to-Equity Historical Data

The historical data trend for Good Finance Securities 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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Good Finance Securities Co Debt-to-Equity Chart

Good Finance Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.48

0.58

0.66

0.73

Good Finance Securities Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.61	0.73	0.89	0.83	1.04

Competitive Comparison of Good Finance Securities Co's Debt-to-Equity

For the Capital Markets subindustry, Good Finance Securities 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.

Good Finance Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Good Finance Securities Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Good Finance Securities Co's Debt-to-Equity falls into.

Good Finance Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Good Finance Securities 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
	=	(2722.57	+	1503.862)	/	5755.842
	=	0.73

Good Finance Securities 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
	=	(6577.431	+	1601.292)	/	7856.026
	=	1.04

Good Finance Securities Co (ROCO:6021) 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.

Good Finance Securities Co Debt-to-Equity Related Terms

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Good Finance Securities Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Good Finance Securities Co Ltd (ROCO:6021) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, No. 174 and No. 176, Section 2, Min-Sheng East Road, Taipei, TWN

Website

https://www.goodfinance.com

Good Finance Securities Co Ltd is a security company. The company operates its businesses through security brokerage, proprietary business, and underwriting, as well as futures trading business. It provides its services to individuals and corporate clients. The reportable segments of the Group are Client partner segment, Investment segment, Investment bank segment, Futures segment and others. Majority of revenue is generated from Client partner segment. Client partner segment is mainly responsible for securities commission agency and brokerage, followed by Investment segment which is Mainly responsible for securities dealing, bonds dealing, trading of financial instruments relating to interest rate and bills and bonds under repurchase or resale agreements.

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