Shiny Chemical Industrial Co (TPE:1773) Debt-to-Equity : 0.37 (As of Dec. 2024)

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What is Shiny Chemical Industrial Co Debt-to-Equity?

Shiny Chemical Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$1,298 Mil. Shiny Chemical Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$2,274 Mil. Shiny Chemical Industrial Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was NT$9,773 Mil. Shiny Chemical Industrial Co's debt to equity for the quarter that ended in Dec. 2024 was 0.37.

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

TPE:1773' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.19 Max: 0.43
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Shiny Chemical Industrial Co was 0.43. The lowest was 0.01. And the median was 0.19.

TPE:1773's Debt-to-Equity is ranked worse than
50.07% of 1390 companies
in the Chemicals industry
Industry Median: 0.365 vs TPE:1773: 0.37

Shiny Chemical Industrial Co Debt-to-Equity Historical Data

The historical data trend for Shiny Chemical 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.

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Shiny Chemical Industrial Co Debt-to-Equity Chart

Shiny Chemical Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.19

0.32

0.40

0.43

0.37

Shiny Chemical Industrial Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.34	0.41	0.45	0.37

Competitive Comparison of Shiny Chemical Industrial Co's Debt-to-Equity

For the Chemicals subindustry, Shiny Chemical 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.

Shiny Chemical Industrial Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

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Shiny Chemical Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shiny Chemical Industrial Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1298.024	+	2274.369)	/	9772.966
	=	0.37

Shiny Chemical Industrial Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(1298.024	+	2274.369)	/	9772.966
	=	0.37

Shiny Chemical Industrial Co (TPE:1773) 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.

Shiny Chemical Industrial Co Debt-to-Equity Related Terms

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Shiny Chemical Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiny Chemical Industrial Co Ltd (TPE:1773) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Yonggong 1st Road, Yongan District, Kaohsiung, TWN, 82841

Website

https://www.shinychem.com.tw

Shiny Chemical Industrial Co Ltd is a Taiwan-based company predominantly engaged in the manufacturing and distribution of chemical solvent series products including N-Butyl Acetate, and N-Propyl Acetate among others. It is also engaged in the trading of raw chemical materials. The company's reportable segments are; the Yeong An plant, and the Changhua Coastal plant which are engaged in the manufacturing, processing, and trading of chemical solvents. Geographically, the company generates a majority of its revenue from Taiwan and the rest from South Korea, Vietnam, Thailand, and other markets.

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