Axman Enterprise Co (ROCO:6804) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Axman Enterprise Co Debt-to-Equity?

Axman Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$40 Mil. Axman Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$388 Mil. Axman Enterprise Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,301 Mil. Axman Enterprise Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Axman Enterprise Co's Debt-to-Equity or its related term are showing as below:

ROCO:6804' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.79 Max: 1.21
Current: 0.33

During the past 6 years, the highest Debt-to-Equity Ratio of Axman Enterprise Co was 1.21. The lowest was 0.31. And the median was 0.79.

ROCO:6804's Debt-to-Equity is ranked better than
59.51% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs ROCO:6804: 0.33

Axman Enterprise Co Debt-to-Equity Historical Data

The historical data trend for Axman Enterprise 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.

Axman Enterprise Co Debt-to-Equity Chart

Axman Enterprise Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.21

0.96

0.48

0.31

Axman Enterprise Co Quarterly Data
	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														0.58	0.53	0.33	0.31	0.33

Competitive Comparison of Axman Enterprise Co's Debt-to-Equity

For the Leisure subindustry, Axman Enterprise 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.

Axman Enterprise Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Axman Enterprise Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Axman Enterprise Co's Debt-to-Equity falls into.

Axman Enterprise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Axman Enterprise 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
	=	(38.209	+	396.722)	/	1388.063
	=	0.31

Axman Enterprise 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
	=	(40.006	+	388.05)	/	1301.203
	=	0.33

Axman Enterprise Co (ROCO:6804) 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.

Axman Enterprise Co Debt-to-Equity Related Terms

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

Axman Enterprise Co (ROCO:6804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Axman Enterprise Co Ltd (ROCO:6804) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Zhongshan Road, Section 3, Daqiao Village, Dacun Township, Changhua County, Changhua, TWN, 515

Website

https://zh-tw.axman.com.tw

Axman Enterprise Co Ltd is engaged in the design and manufacture of bicycles, road bikes, and mountain bikes. Also, the company manufactures and supplies carbon fiber frames.

Axman Enterprise Co (ROCO:6804) Headlines

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