Ho Tung Chemical (TPE:1714) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Ho Tung Chemical Debt-to-Equity?

Ho Tung Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$527 Mil. Ho Tung Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$2,420 Mil. Ho Tung Chemical's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$12,150 Mil. Ho Tung Chemical's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Ho Tung Chemical's Debt-to-Equity or its related term are showing as below:

TPE:1714' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.54 Max: 1.95
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Ho Tung Chemical was 1.95. The lowest was 0.24. And the median was 0.54.

TPE:1714's Debt-to-Equity is ranked better than
60.7% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:1714: 0.24

Ho Tung Chemical Debt-to-Equity Historical Data

The historical data trend for Ho Tung Chemical'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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Ho Tung Chemical Debt-to-Equity Chart

Ho Tung Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.51

0.31

0.25

0.24

Ho Tung Chemical Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.25	0.26	0.24	0.24

Competitive Comparison of Ho Tung Chemical's Debt-to-Equity

For the Chemicals subindustry, Ho Tung Chemical'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.

Ho Tung Chemical's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ho Tung Chemical's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ho Tung Chemical's Debt-to-Equity falls into.

Ho Tung Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ho Tung Chemical'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
	=	(527.09	+	2420.015)	/	12150.454
	=	0.24

Ho Tung Chemical's Debt to Equity Ratio for the quarter 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
	=	(527.09	+	2420.015)	/	12150.454
	=	0.24

Ho Tung Chemical (TPE:1714) 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.

Ho Tung Chemical Debt-to-Equity Related Terms

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Ho Tung Chemical (TPE:1714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ho Tung Chemical Corp (TPE:1714) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Zhugong 2nd Lane, Zhuhouli, Renwu District, Kaohsiung, TWN

Website

https://www.htgroup.com.tw

Ho Tung Chemical Corp is a chemical product manufacturer. It is focused on the business of chemicals, oil, investment, cement, and construction business. The company's key products comprise paraffin, Linear Alkylbenzene, Anionic Surfactants, Cationic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants, Solvents, and others.

Ho Tung Chemical (TPE:1714) Headlines

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