New Toyo International Holdings (SGX:N08) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is New Toyo International Holdings Debt-to-Equity?

New Toyo International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1.9 Mil. New Toyo International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$8.8 Mil. New Toyo International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$149.2 Mil. New Toyo International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 New Toyo International Holdings's Debt-to-Equity or its related term are showing as below:

SGX:N08' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.24 Max: 0.49
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of New Toyo International Holdings was 0.49. The lowest was 0.07. And the median was 0.24.

SGX:N08's Debt-to-Equity is ranked better than
87.25% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs SGX:N08: 0.07

New Toyo International Holdings Debt-to-Equity Historical Data

The historical data trend for New Toyo International Holdings'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.

New Toyo International Holdings Debt-to-Equity Chart

New Toyo International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.27

0.19

0.08

0.07

New Toyo International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.17	0.08	0.09	0.07

Competitive Comparison of New Toyo International Holdings's Debt-to-Equity

For the Packaging & Containers subindustry, New Toyo International Holdings'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.

New Toyo International Holdings's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, New Toyo International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Toyo International Holdings's Debt-to-Equity falls into.

New Toyo International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Toyo International Holdings'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
	=	(1.861	+	8.827)	/	149.228
	=	0.07

New Toyo International Holdings'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
	=	(1.861	+	8.827)	/	149.228
	=	0.07

New Toyo International Holdings (SGX:N08) 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.

New Toyo International Holdings Debt-to-Equity Related Terms

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New Toyo International Holdings (SGX:N08) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » New Toyo International Holdings Ltd (SGX:N08) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Soon Lee Road, Singapore, SGP, 628079

Website

http://www.newtoyo.com

New Toyo International Holdings Ltd along with its subsidiaries is engaged in printing and sale of paper packaging materials. Its operating segments include Specialty papers which manufacture and sell laminated aluminum paper products and other packaging products. Printed cartons and labels segment includes printing and sale of paper packaging materials. The trading segment includes the sale of raw materials, paper products, and equipment. Tissue paper segment manufactures and sells paper products. Investment holding segment includes Investing activities, including investment in properties. It generates the majority of the revenue from Specialty papers segment.

New Toyo International Holdings (SGX:N08) Headlines

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