Cheng Shin Rubber Industry Co (TPE:2105) Debt-to-Equity : 0.43 (As of Mar. 2024)

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What is Cheng Shin Rubber Industry Co Debt-to-Equity?

Cheng Shin Rubber Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6,350 Mil. Cheng Shin Rubber Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$28,811 Mil. Cheng Shin Rubber Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$82,326 Mil. Cheng Shin Rubber Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.43.

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 Cheng Shin Rubber Industry Co's Debt-to-Equity or its related term are showing as below:

TPE:2105' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.58 Max: 0.9
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Cheng Shin Rubber Industry Co was 0.90. The lowest was 0.43. And the median was 0.58.

TPE:2105's Debt-to-Equity is ranked better than
52.63% of 1178 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TPE:2105: 0.43

Cheng Shin Rubber Industry Co Debt-to-Equity Historical Data

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co Debt-to-Equity Chart

Cheng Shin Rubber Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.79

0.73

0.61

0.52

Cheng Shin Rubber Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.52	0.51	0.49	0.48	0.43

Competitive Comparison of Cheng Shin Rubber Industry Co's Debt-to-Equity

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Debt-to-Equity falls into.

Cheng Shin Rubber Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheng Shin Rubber Industry Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(14469.357	+	29047.93)	/	83811.199
	=	0.52

Cheng Shin Rubber Industry 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
	=	(6350.481	+	28810.83)	/	82325.848
	=	0.43

Cheng Shin Rubber Industry Co (TPE:2105) 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.

Cheng Shin Rubber Industry Co Debt-to-Equity Related Terms

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Cheng Shin Rubber Industry Co (TPE:2105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheng Shin Rubber Industry Co Ltd (TPE:2105) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545

Website

https://www.cst.com.tw

Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and other rubber products and the manufacturing and trading of various rubber products and relevant rubber machinery. The main sources of sales revenue are from the assembly plants and dealers. Its geographical segments are Taiwan, China, the United States, and Others.

Cheng Shin Rubber Industry Co (TPE:2105) Headlines

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