TCYMF (Tingyi (Cayman Islands) Holding) Debt-to-Equity : 1.23 (As of Jun. 2024)

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What is Tingyi (Cayman Islands) Holding Debt-to-Equity?

Tingyi (Cayman Islands) Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1,547 Mil. Tingyi (Cayman Islands) Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $570 Mil. Tingyi (Cayman Islands) Holding's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $1,722 Mil. Tingyi (Cayman Islands) Holding's debt to equity for the quarter that ended in Jun. 2024 was 1.23.

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 Tingyi (Cayman Islands) Holding's Debt-to-Equity or its related term are showing as below:

TCYMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.84 Max: 1.45
Current: 1.23

During the past 13 years, the highest Debt-to-Equity Ratio of Tingyi (Cayman Islands) Holding was 1.45. The lowest was 0.55. And the median was 0.84.

TCYMF's Debt-to-Equity is ranked worse than
83.95% of 1657 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs TCYMF: 1.23

Tingyi (Cayman Islands) Holding Debt-to-Equity Historical Data

The historical data trend for Tingyi (Cayman Islands) Holding'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.

Tingyi (Cayman Islands) Holding Debt-to-Equity Chart

Tingyi (Cayman Islands) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.75

1.34

1.01

Tingyi (Cayman Islands) Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.16	1.34	1.45	1.01	1.23

Competitive Comparison of Tingyi (Cayman Islands) Holding's Debt-to-Equity

For the Packaged Foods subindustry, Tingyi (Cayman Islands) Holding'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.

Tingyi (Cayman Islands) Holding's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tingyi (Cayman Islands) Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tingyi (Cayman Islands) Holding's Debt-to-Equity falls into.

Tingyi (Cayman Islands) Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tingyi (Cayman Islands) Holding'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
	=	(1208.337	+	760.149)	/	1945.968
	=	1.01

Tingyi (Cayman Islands) Holding's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1547.253	+	569.58)	/	1722.255
	=	1.23

Tingyi (Cayman Islands) Holding (OTCPK:TCYMF) 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.

Tingyi (Cayman Islands) Holding Debt-to-Equity Related Terms

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Tingyi (Cayman Islands) Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tingyi (Cayman Islands) Holding Corp (OTCPK:TCYMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TYCMY:USA 910322:Taiwan 00322:Hong Kong TYG:Germany

Address

No. 1688, Wuzhong Road, Building A, Minhang District, Shanghai, CHN, 201103

Website

https://www.masterkong.com.cn

Tingyi is a major producer of instant noodles and ready-to-drink beverages in China, with its Master Kong brand being the most popular. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

Tingyi (Cayman Islands) Holding Headlines

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