Chang Type Industrial Co (TPE:1541) Debt-to-Equity : 0.48 (As of Mar. 2024)

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What is Chang Type Industrial Co Debt-to-Equity?

Chang Type Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$558 Mil. Chang Type Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$386 Mil. Chang Type Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,954 Mil. Chang Type Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 0.48.

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 Chang Type Industrial Co's Debt-to-Equity or its related term are showing as below:

TPE:1541' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.77 Max: 1.36
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Chang Type Industrial Co was 1.36. The lowest was 0.44. And the median was 0.77.

TPE:1541's Debt-to-Equity is ranked worse than
65.58% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TPE:1541: 0.48

Chang Type Industrial Co Debt-to-Equity Historical Data

The historical data trend for Chang Type Industrial Co'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.

Chang Type Industrial Co Debt-to-Equity Chart

Chang Type Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.94

0.73

1.36

0.56

0.67

Chang Type Industrial Co 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															0.49	0.64	0.56	0.67	0.48

Competitive Comparison of Chang Type Industrial Co's Debt-to-Equity

For the Tools & Accessories subindustry, Chang Type Industrial Co'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.

Chang Type Industrial Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chang Type Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chang Type Industrial Co's Debt-to-Equity falls into.

Chang Type Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chang Type Industrial Co'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
	=	(847.712	+	440.631)	/	1911.182
	=	0.67

Chang Type Industrial Co'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
	=	(557.66	+	386.2)	/	1954.04
	=	0.48

Chang Type Industrial Co (TPE:1541) 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.

Chang Type Industrial Co Debt-to-Equity Related Terms

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Chang Type Industrial Co (TPE:1541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chang Type Industrial Co Ltd (TPE:1541) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 41, Nan-Tsuen Road, Ho-Li, Taichung, TWN, 42127

Website

https://www.toty.com.tw

Chang Type Industrial Co Ltd engages in manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. The Company is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.. The company's products include miter saws, scroll saws, radial arm saws and band saws and also manufacture motors, IC controls boards for power tools.

Chang Type Industrial Co (TPE:1541) Headlines

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