Tah hsin Industrial (TPE:1315) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Tah hsin Industrial Debt-to-Equity?

Tah hsin Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$216 Mil. Tah hsin Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$58 Mil. Tah hsin Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$10,203 Mil. Tah hsin Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Tah hsin Industrial's Debt-to-Equity or its related term are showing as below:

TPE:1315' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.16
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Tah hsin Industrial was 0.16. The lowest was 0.02. And the median was 0.08.

TPE:1315's Debt-to-Equity is ranked better than
93.6% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TPE:1315: 0.03

Tah hsin Industrial Debt-to-Equity Historical Data

The historical data trend for Tah hsin Industrial'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.

Tah hsin Industrial Debt-to-Equity Chart

Tah hsin Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.03

0.04

0.03

Tah hsin Industrial 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															0.03	0.02	0.02	0.03	0.03

Competitive Comparison of Tah hsin Industrial's Debt-to-Equity

For the Apparel Manufacturing subindustry, Tah hsin Industrial'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.

Tah hsin Industrial's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tah hsin Industrial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tah hsin Industrial's Debt-to-Equity falls into.

Tah hsin Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tah hsin Industrial'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
	=	(229.107	+	61.629)	/	10594.4
	=	0.03

Tah hsin Industrial'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
	=	(215.834	+	57.542)	/	10202.659
	=	0.03

Tah hsin Industrial (TPE:1315) 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.

Tah hsin Industrial Debt-to-Equity Related Terms

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

Tah hsin Industrial (TPE:1315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tah hsin Industrial Corp (TPE:1315) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51, 35th Road, Taichung Industrial Park, Xitun District, Taichung, TWN

Website

https://www.tahhsin.com.tw

Tah hsin Industrial Corp is engaged in the manufacturing and trading of a variety of plastic raincoats, nylon raincoats, overalls, wardrobes, nylon jackets, PP corrugated boards, TC ready-to-wear garments, leather goods, handbags, file folders, plastic film, carrier bags, laminating machines, and others. Its operating segment includes Tahsin in Taiwan, Tahsin Shoji Co., Ltd, United States T.H. USA; Fujian Putian DAFU Plastic Industry Co., Ltd; Tah Viet Co., Ltd; Myanmar Tahsin; Tah Fa Investment Co., Ltd, and others. The company generates maximum revenue from the Tahsin Taiwan segment.

Tah hsin Industrial (TPE:1315) Headlines

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