Universal Cement (TPE:1104) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Universal Cement Debt-to-Equity?

Universal Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,336 Mil. Universal Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$163 Mil. Universal Cement's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$22,761 Mil. Universal Cement's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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

TPE:1104' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.2
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Universal Cement was 0.20. The lowest was 0.06. And the median was 0.14.

TPE:1104's Debt-to-Equity is ranked better than
81.3% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs TPE:1104: 0.11

Universal Cement Debt-to-Equity Historical Data

The historical data trend for Universal 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.

Universal Cement Debt-to-Equity Chart

Universal Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.18

0.17

0.18

0.13

Universal Cement 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															0.17	0.15	0.14	0.13	0.11

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

For the Building Materials subindustry, Universal 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.

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

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

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

Universal Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Universal 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
	=	(2747.466	+	175.887)	/	21869.182
	=	0.13

Universal Cement'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
	=	(2335.508	+	162.775)	/	22760.563
	=	0.11

Universal Cement (TPE:1104) 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.

Universal Cement Debt-to-Equity Related Terms

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Universal Cement (TPE:1104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Universal Cement Corp (TPE:1104) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 125, Nanking East Road, 10th Floor, Section 2, Taipei, TWN, 104

Website

http://www.ucctw.com

Universal Cement Corporation is a Taiwan-based company primarily engaged in the manufacture and sale of cements and related construction materials. The company provides cement, ready-mixed concretes, gypsum boards, and other fire-resistant construction materials. Among these products, cement, concretes, and gypsum boards jointly account for the majority of the company's revenue. Its cement products are primarily Portland I cements and primarily sold in the southern Taiwan market, including Pescadores Islands. Its concrete products are sold in Tainan, Kaohsiung, and Pingtung. Its gypsum boards are primarily sold in the Taiwan domestic market.

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