Ideal Bike (ROCO:8933) Debt-to-Equity : 0.96 (As of Mar. 2024)

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What is Ideal Bike Debt-to-Equity?

Ideal Bike's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,872 Mil. Ideal Bike's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$198 Mil. Ideal Bike's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$2,162 Mil. Ideal Bike's debt to equity for the quarter that ended in Mar. 2024 was 0.96.

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 Ideal Bike's Debt-to-Equity or its related term are showing as below:

ROCO:8933' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 0.96 Max: 2.92
Current: 0.96

During the past 13 years, the highest Debt-to-Equity Ratio of Ideal Bike was 2.92. The lowest was 0.68. And the median was 0.96.

ROCO:8933's Debt-to-Equity is ranked worse than
67.77% of 695 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs ROCO:8933: 0.96

Ideal Bike Debt-to-Equity Historical Data

The historical data trend for Ideal Bike'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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Ideal Bike Debt-to-Equity Chart

Ideal Bike Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.72

1.16

0.83

1.00

1.02

Ideal Bike 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															1.11	1.06	1.00	1.02	0.96

Competitive Comparison of Ideal Bike's Debt-to-Equity

For the Leisure subindustry, Ideal Bike'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.

Ideal Bike's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Ideal Bike Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ideal Bike'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
	=	(1931.464	+	244.904)	/	2143.072
	=	1.02

Ideal Bike'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
	=	(1872.368	+	197.926)	/	2161.541
	=	0.96

Ideal Bike (ROCO:8933) 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.

Ideal Bike Debt-to-Equity Related Terms

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Ideal Bike (ROCO:8933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ideal Bike Corp (ROCO:8933) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 497, Gangbu Road, Section 1, Wuqi District, Taichung City, TWN, 435

Website

https://www.idealbike.com.tw

Ideal Bike Corp is engaged in manufacturing and selling of bicycles. It offers indoor and outdoor sports cars, baby carriages, mini scooters, and parts. The company also manufactures agricultural machinery, steam locomotives, ships, aircraft, and other parts. Its reportable segments involve the Manufacturing (OEM) segment and Other segments.

Ideal Bike (ROCO:8933) Headlines

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