Sincere Security (ROCO:6721) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Sincere Security Debt-to-Equity?

Sincere Security's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$57 Mil. Sincere Security's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$45 Mil. Sincere Security's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$600 Mil. Sincere Security's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Sincere Security's Debt-to-Equity or its related term are showing as below:

ROCO:6721' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.25 Max: 0.44
Current: 0.17

During the past 7 years, the highest Debt-to-Equity Ratio of Sincere Security was 0.44. The lowest was 0.14. And the median was 0.25.

ROCO:6721's Debt-to-Equity is ranked better than
68.37% of 920 companies
in the Business Services industry
Industry Median: 0.37 vs ROCO:6721: 0.17

Sincere Security Debt-to-Equity Historical Data

The historical data trend for Sincere Security'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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Sincere Security Debt-to-Equity Chart

Sincere Security Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.22

0.23

0.17

0.22

Sincere Security Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															0.16	0.17	0.14	0.22	0.17

Competitive Comparison of Sincere Security's Debt-to-Equity

For the Specialty Business Services subindustry, Sincere Security'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.

Sincere Security's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sincere Security's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sincere Security's Debt-to-Equity falls into.

Sincere Security Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sincere Security'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
	=	(85.634	+	44.098)	/	581.924
	=	0.22

Sincere Security'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
	=	(57.27	+	45.116)	/	599.597
	=	0.17

Sincere Security (ROCO:6721) 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.

Sincere Security Debt-to-Equity Related Terms

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

Sincere Security (ROCO:6721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sincere Security Corp Ltd (ROCO:6721) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 5, 2nd Floor, 201 Heping Street, Hsinchu County, Zhubei, TWN

Website

http://www.sincere-group.com.tw

Sincere Security Corp Ltd is a Taiwan based company involved in property management, cleaning services, mechanical and electrical air-conditioning maintenance and security monitoring. It provides services at science parks, hypermarkets, commercial buildings, schools, golf courses, villas and residential areas, and government units.

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