Ttet Union (TPE:1232) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Ttet Union Debt-to-Equity?

Ttet Union's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$87 Mil. Ttet Union's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$961 Mil. Ttet Union's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,681 Mil. Ttet Union's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Ttet Union's Debt-to-Equity or its related term are showing as below:

TPE:1232' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.22
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Ttet Union was 0.22. The lowest was 0.01. And the median was 0.07.

TPE:1232's Debt-to-Equity is ranked better than
69.81% of 1643 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs TPE:1232: 0.18

Ttet Union Debt-to-Equity Historical Data

The historical data trend for Ttet Union'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.

Ttet Union Debt-to-Equity Chart

Ttet Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.07

0.08

0.20

Ttet Union 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															0.07	0.07	0.22	0.20	0.18

Competitive Comparison of Ttet Union's Debt-to-Equity

For the Packaged Foods subindustry, Ttet Union'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.

Ttet Union's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ttet Union's Debt-to-Equity distribution charts can be found below:

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

Ttet Union Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ttet Union'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
	=	(94.034	+	965.004)	/	5398.266
	=	0.20

Ttet Union'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
	=	(87.166	+	960.758)	/	5680.945
	=	0.18

Ttet Union (TPE:1232) 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.

Ttet Union Debt-to-Equity Related Terms

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

Ttet Union (TPE:1232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ttet Union Corp (TPE:1232) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048

Website

https://www.ttet.com.tw

Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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