Syngen Biotech Co (ROCO:8279) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Syngen Biotech Co Debt-to-Equity?

Syngen Biotech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$270 Mil. Syngen Biotech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$373 Mil. Syngen Biotech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$2,056 Mil. Syngen Biotech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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

ROCO:8279' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.3 Max: 0.7
Current: 0.31

During the past 12 years, the highest Debt-to-Equity Ratio of Syngen Biotech Co was 0.70. The lowest was 0.09. And the median was 0.30.

ROCO:8279's Debt-to-Equity is ranked worse than
65.31% of 1058 companies
in the Biotechnology industry
Industry Median: 0.14 vs ROCO:8279: 0.31

Syngen Biotech Co Debt-to-Equity Historical Data

The historical data trend for Syngen Biotech 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.

Syngen Biotech Co Debt-to-Equity Chart

Syngen Biotech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.20

0.40

0.32

Syngen Biotech 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															0.37	0.34	0.34	0.32	0.31

Competitive Comparison of Syngen Biotech Co's Debt-to-Equity

For the Biotechnology subindustry, Syngen Biotech 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.

Syngen Biotech Co's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Syngen Biotech Co's Debt-to-Equity distribution charts can be found below:

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

Syngen Biotech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Syngen Biotech 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
	=	(295.689	+	386.075)	/	2131.62
	=	0.32

Syngen Biotech 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
	=	(269.894	+	372.717)	/	2056.102
	=	0.31

Syngen Biotech Co (ROCO:8279) 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.

Syngen Biotech Co Debt-to-Equity Related Terms

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Syngen Biotech Co (ROCO:8279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Syngen Biotech Co Ltd (ROCO:8279) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Building A, NO.154, Kai-Yuan Road, Xinying District, Tainan, TWN, 73055

Website

http://www.syngen.com.tw

Syngen Biotech Co Ltd is a biotechnology company. It is engaged in the manufacturing, sales, and trading of microbial pharmaceutical raw materials. It also provides the design and development of health food and biochemical nutrition. The company's products include pharmaceutical ingredients, nutritional ingredients, biology fermentation products, biology agriculture and aquaculture products.

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