Grand Fortune Securities Co (ROCO:6026) Debt-to-Equity : 0.73 (As of Mar. 2024)

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What is Grand Fortune Securities Co Debt-to-Equity?

Grand Fortune Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,927 Mil. Grand Fortune Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$28 Mil. Grand Fortune Securities Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,405 Mil. Grand Fortune Securities Co's debt to equity for the quarter that ended in Mar. 2024 was 0.73.

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

ROCO:6026' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.6 Max: 1.83
Current: 0.73

During the past 13 years, the highest Debt-to-Equity Ratio of Grand Fortune Securities Co was 1.83. The lowest was 0.02. And the median was 0.60.

ROCO:6026's Debt-to-Equity is ranked worse than
66.28% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs ROCO:6026: 0.73

Grand Fortune Securities Co Debt-to-Equity Historical Data

The historical data trend for Grand Fortune 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.

* Premium members only.

Grand Fortune Securities Co Debt-to-Equity Chart

Grand Fortune Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.64

1.28

1.04

0.90

Grand Fortune Securities Co 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															0.96	0.88	0.87	0.90	0.73

Competitive Comparison of Grand Fortune Securities Co's Debt-to-Equity

For the Capital Markets subindustry, Grand Fortune 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.

Grand Fortune Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Grand Fortune Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Fortune 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
	=	(5076.912	+	35.965)	/	5697.716
	=	0.90

Grand Fortune Securities 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
	=	(3926.785	+	28.484)	/	5404.937
	=	0.73

Grand Fortune Securities Co (ROCO:6026) 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.

Grand Fortune Securities Co Debt-to-Equity Related Terms

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

Grand Fortune Securities Co (ROCO:6026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Grand Fortune Securities Co Ltd (ROCO:6026) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongxiao West Road, 5th, 6th, 7th floor, No. 6, Section 1, Zhongzheng District, Taipei, TWN

Website

https://www.gfortune.com.tw

Grand Fortune Securities Co Ltd is a Taiwan-based integrated securities house, that runs businesses of the underwriting of marketable securities, proprietary trading, brokerage of marketable securities, stock registrar, and other securities-related businesses approved by the regulators.

Grand Fortune Securities Co (ROCO:6026) Headlines

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