Taiwan Cement (TPE:1101) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is Taiwan Cement Debt-to-Equity?

Taiwan Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$37,410 Mil. Taiwan Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$122,901 Mil. Taiwan Cement's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$230,933 Mil. Taiwan Cement's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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 Taiwan Cement's Debt-to-Equity or its related term are showing as below:

TPE:1101' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.73 Max: 0.98
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Taiwan Cement was 0.98. The lowest was 0.54. And the median was 0.73.

TPE:1101's Debt-to-Equity is ranked worse than
72.6% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs TPE:1101: 0.69

Taiwan Cement Debt-to-Equity Historical Data

The historical data trend for Taiwan Cement'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.

Taiwan Cement Debt-to-Equity Chart

Taiwan Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.54

0.62

0.80

0.76

0.69

Taiwan Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.76	0.73	0.73	0.74	0.69

Competitive Comparison of Taiwan Cement's Debt-to-Equity

For the Building Materials subindustry, Taiwan Cement'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.

Taiwan Cement's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiwan Cement's Debt-to-Equity distribution charts can be found below:

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

Taiwan Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiwan Cement'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
	=	(37410.238	+	122901.35)	/	230933.254
	=	0.69

Taiwan Cement'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
	=	(37410.238	+	122901.35)	/	230933.254
	=	0.69

Taiwan Cement (TPE:1101) 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.

Taiwan Cement Debt-to-Equity Related Terms

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

Taiwan Cement (TPE:1101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiwan Cement Corp (TPE:1101) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1101B.PFD:Taiwan

Address

No.113, Zhongshan North Road, Section 2, Taipei, TWN, 104

Website

https://www.taiwancement.com

Taiwan Cement Corp operates in three primary segments: cement, Electricity and energy segment and Other segments. The cement segment involves production, processing and sale of cement goods. The Electricity and energy segment is engaged in power generation, energy storage and power business. The other segment includes land and marine transportation, production and sale of refractory materials, and others. The majority of revenue comes from Asia and Taiwan.

Taiwan Cement (TPE:1101) Headlines

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