Kinik Co (TPE:1560) Debt-to-Equity : 0.48 (As of Jun. 2024)

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What is Kinik Co Debt-to-Equity?

Kinik Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$1,066 Mil. Kinik Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$1,979 Mil. Kinik Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was NT$6,385 Mil. Kinik Co's debt to equity for the quarter that ended in Jun. 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 Kinik Co's Debt-to-Equity or its related term are showing as below:

TPE:1560' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.34 Max: 0.81
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Kinik Co was 0.81. The lowest was 0.01. And the median was 0.34.

TPE:1560's Debt-to-Equity is ranked worse than
65.58% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs TPE:1560: 0.48

Kinik Co Debt-to-Equity Historical Data

The historical data trend for Kinik 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.

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Kinik Co Debt-to-Equity Chart

Kinik Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.81

0.34

0.33

Kinik Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.40	0.33	0.42	0.48

Competitive Comparison of Kinik Co's Debt-to-Equity

For the Tools & Accessories subindustry, Kinik 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.

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

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

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

Kinik Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kinik 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
	=	(962.802	+	1051.984)	/	6168.368
	=	0.33

Kinik Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1065.963	+	1979.007)	/	6384.563
	=	0.48

Kinik Co (TPE:1560) 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.

Kinik Co Debt-to-Equity Related Terms

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Kinik Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinik Co (TPE:1560) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

10, Yenping South Road, Taipei, TWN, 10043

Website

https://www.kinik.com

Kinik is a Taiwan-based company that primarily manufactures and distributes grinding wheels, diamond tools, and reclaimed wafers. The company's products fall into three categories. The traditional product type comprises a wide range of grinding wheels used in machinery components, steelmaking, modules, semiconductor, glass manufacturing, and others. The diamond tool category comprises various blade products, cutters, diamond dressers, and other products, which are used in stone processing and semiconductor dressing applications. The wafer product category primarily consists of wafers resourced from monitor wafters and dummy wafers. Wafer reclamation helps lower costs of factory. Kinik generates the majority of its revenue from the Taiwan domestic market.

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