Cathay Consolidated (TPE:1342) Debt-to-Equity : 0.30 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Cathay Consolidated Debt-to-Equity?

Cathay Consolidated's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$154 Mil. Cathay Consolidated's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$440 Mil. Cathay Consolidated's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$2,016 Mil. Cathay Consolidated's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Cathay Consolidated's Debt-to-Equity or its related term are showing as below:

TPE:1342' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.33 Max: 0.61
Current: 0.3

During the past 8 years, the highest Debt-to-Equity Ratio of Cathay Consolidated was 0.61. The lowest was 0.12. And the median was 0.33.

TPE:1342's Debt-to-Equity is ranked better than
60.49% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TPE:1342: 0.30

Cathay Consolidated Debt-to-Equity Historical Data

The historical data trend for Cathay Consolidated'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.

Cathay Consolidated Debt-to-Equity Chart

Cathay Consolidated Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.36

0.20

0.30

0.32

0.27

Cathay Consolidated 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															0.35	0.34	0.30	0.27	0.30

Competitive Comparison of Cathay Consolidated's Debt-to-Equity

For the Textile Manufacturing subindustry, Cathay Consolidated'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.

Cathay Consolidated's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Cathay Consolidated Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cathay Consolidated'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
	=	(175.751	+	436.8)	/	2243.449
	=	0.27

Cathay Consolidated'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
	=	(153.786	+	440.277)	/	2016.493
	=	0.29

Cathay Consolidated (TPE:1342) 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.

Cathay Consolidated Debt-to-Equity Related Terms

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

Cathay Consolidated (TPE:1342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cathay Consolidated Inc (TPE:1342) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6, Dexing 4th Road, Yilan County, Dongshan Shiang, TWN, 26950

Website

https://www.cathayconsolidated.com

Cathay Consolidated Inc is a Taiwan-based company engaged in the manufacturing of TPU film, air mattresses, covers, laminated fabrics, and bladders. Its revenue mainly comes from the production and sale of functional fabrics. It operates in Taiwan, Asia, the Americas, Others, and the majority of its revenue comes from the Americas. Its products include Aviation, Outdoor, Marine, Medical, and Industrial.

Cathay Consolidated (TPE:1342) Headlines

No Headlines