Tung Ho Steel Enterprise (TPE:2006) Debt-to-Equity : 0.52 (As of Mar. 2024)

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What is Tung Ho Steel Enterprise Debt-to-Equity?

Tung Ho Steel Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$14,086 Mil. Tung Ho Steel Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,187 Mil. Tung Ho Steel Enterprise's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$29,179 Mil. Tung Ho Steel Enterprise's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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

TPE:2006' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.52 Max: 0.82
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Tung Ho Steel Enterprise was 0.82. The lowest was 0.31. And the median was 0.52.

TPE:2006's Debt-to-Equity is ranked worse than
57.87% of 553 companies
in the Steel industry
Industry Median: 0.4 vs TPE:2006: 0.52

Tung Ho Steel Enterprise Debt-to-Equity Historical Data

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

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.72

0.34

0.55

0.61

0.51

Tung Ho Steel Enterprise 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															0.59	0.65	0.59	0.51	0.52

Competitive Comparison of Tung Ho Steel Enterprise's Debt-to-Equity

For the Steel subindustry, Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise's Debt-to-Equity Distribution in the Steel Industry

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

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

Tung Ho Steel Enterprise Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tung Ho Steel Enterprise'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
	=	(14136.028	+	1562.219)	/	31048.28
	=	0.51

Tung Ho Steel Enterprise'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
	=	(14085.988	+	1186.851)	/	29179.484
	=	0.52

Tung Ho Steel Enterprise (TPE:2006) 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.

Tung Ho Steel Enterprise Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (TPE:2006) Headlines

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