Shinkong Synthetic Fiber (TPE:1409) Debt-to-Equity : 1.62 (As of Mar. 2024)

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What is Shinkong Synthetic Fiber Debt-to-Equity?

Shinkong Synthetic Fiber's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$34,002 Mil. Shinkong Synthetic Fiber's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$23,665 Mil. Shinkong Synthetic Fiber's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$35,658 Mil. Shinkong Synthetic Fiber's debt to equity for the quarter that ended in Mar. 2024 was 1.62.

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 Shinkong Synthetic Fiber's Debt-to-Equity or its related term are showing as below:

TPE:1409' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.87 Max: 1.62
Current: 1.62

During the past 13 years, the highest Debt-to-Equity Ratio of Shinkong Synthetic Fiber was 1.62. The lowest was 0.71. And the median was 0.87.

TPE:1409's Debt-to-Equity is ranked worse than
87.43% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs TPE:1409: 1.62

Shinkong Synthetic Fiber Debt-to-Equity Historical Data

The historical data trend for Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber Debt-to-Equity Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.91

1.16

1.19

1.23

1.49

Shinkong Synthetic Fiber 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															1.34	1.39	1.44	1.49	1.62

Competitive Comparison of Shinkong Synthetic Fiber's Debt-to-Equity

For the Textile Manufacturing subindustry, Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shinkong Synthetic Fiber's Debt-to-Equity falls into.

Shinkong Synthetic Fiber Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinkong Synthetic Fiber'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
	=	(31512.924	+	22710.81)	/	36351.083
	=	1.49

Shinkong Synthetic Fiber'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
	=	(34002.072	+	23664.858)	/	35657.845
	=	1.62

Shinkong Synthetic Fiber (TPE:1409) 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.

Shinkong Synthetic Fiber Debt-to-Equity Related Terms

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Shinkong Synthetic Fiber (TPE:1409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

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