Tech-Top Engineering Co (ROCO:6750) Debt-to-Equity : 0.80 (As of Dec. 2023)

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What is Tech-Top Engineering Co Debt-to-Equity?

Tech-Top Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$201 Mil. Tech-Top Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$248 Mil. Tech-Top Engineering Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$565 Mil. Tech-Top Engineering Co's debt to equity for the quarter that ended in Dec. 2023 was 0.79.

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 Tech-Top Engineering Co's Debt-to-Equity or its related term are showing as below:

ROCO:6750' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.08 Max: 1.28
Current: 0.8

During the past 7 years, the highest Debt-to-Equity Ratio of Tech-Top Engineering Co was 1.28. The lowest was 0.80. And the median was 1.08.

ROCO:6750's Debt-to-Equity is ranked worse than
69.97% of 1525 companies
in the Construction industry
Industry Median: 0.44 vs ROCO:6750: 0.80

Tech-Top Engineering Co Debt-to-Equity Historical Data

The historical data trend for Tech-Top Engineering 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.

Tech-Top Engineering Co Debt-to-Equity Chart

Tech-Top Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.87

1.12

1.28

1.26

0.80

Tech-Top Engineering Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								1.28	1.31	1.26	1.37	0.80

Competitive Comparison of Tech-Top Engineering Co's Debt-to-Equity

For the Engineering & Construction subindustry, Tech-Top Engineering 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.

Tech-Top Engineering Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tech-Top Engineering Co's Debt-to-Equity falls into.

Tech-Top Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tech-Top Engineering 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
	=	(201.356	+	248.057)	/	565.306
	=	0.79

Tech-Top Engineering Co's Debt to Equity Ratio for the quarter 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
	=	(201.356	+	248.057)	/	565.306
	=	0.79

Tech-Top Engineering Co (ROCO:6750) 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.

Tech-Top Engineering Co Debt-to-Equity Related Terms

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

Tech-Top Engineering Co (ROCO:6750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN

Website

http://www.tech-top-eng.com

Tech-Top Engineering Co Ltd is an engineering company that provides services for cleanroom setup, water, and electrical supply system, fire control system, air conditioning, and laboratory facility. The company also provides PV and BIPV design, planning and construction.

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