Hiroca Holdings (TPE:1338) Debt-to-Equity : 0.36 (As of Mar. 2024)

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What is Hiroca Holdings Debt-to-Equity?

Hiroca Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,457 Mil. Hiroca Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$790 Mil. Hiroca Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$6,210 Mil. Hiroca Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

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 Hiroca Holdings's Debt-to-Equity or its related term are showing as below:

TPE:1338' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.21 Max: 0.51
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Hiroca Holdings was 0.51. The lowest was 0.03. And the median was 0.21.

TPE:1338's Debt-to-Equity is ranked better than
58.45% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TPE:1338: 0.36

Hiroca Holdings Debt-to-Equity Historical Data

The historical data trend for Hiroca Holdings'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.

Hiroca Holdings Debt-to-Equity Chart

Hiroca Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.28

0.46

0.41

0.51

Hiroca Holdings 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															0.45	0.47	0.47	0.51	0.36

Competitive Comparison of Hiroca Holdings's Debt-to-Equity

For the Auto Parts subindustry, Hiroca Holdings'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.

Hiroca Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hiroca Holdings's Debt-to-Equity distribution charts can be found below:

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

Hiroca Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hiroca Holdings'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
	=	(1868.831	+	1268.384)	/	6103.805
	=	0.51

Hiroca Holdings'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
	=	(1456.544	+	790.138)	/	6209.915
	=	0.36

Hiroca Holdings (TPE:1338) 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.

Hiroca Holdings Debt-to-Equity Related Terms

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

Hiroca Holdings (TPE:1338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hiroca Holdings Ltd (TPE:1338) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangdong Houjie Science and Technology Industrial Park East Road, Dongye Road, Houjie Town, Dongguan, CHN, 523950

Website

http://www.hirosawa.com.cn

Hiroca Holdings Ltd is mainly a producer of surface painting and other surface processing of automobile plastic interior decoration parts. Through its subsidiary Dongguan, the company provides primarily painting, printing, and processing services for automobile interior. The company's main regions are mainland China and the United States. The company is based in the Cayman Islands.

Hiroca Holdings (TPE:1338) Headlines

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