Hwa Fong Rubber Ind Co (TPE:2109) Debt-to-Equity : 0.49 (As of Jun. 2024)

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What is Hwa Fong Rubber Ind Co Debt-to-Equity?

Hwa Fong Rubber Ind Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$395 Mil. Hwa Fong Rubber Ind Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$1,296 Mil. Hwa Fong Rubber Ind Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was NT$3,466 Mil. Hwa Fong Rubber Ind Co's debt to equity for the quarter that ended in Jun. 2024 was 0.49.

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 Hwa Fong Rubber Ind Co's Debt-to-Equity or its related term are showing as below:

TPE:2109' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.56 Max: 0.8
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Hwa Fong Rubber Ind Co was 0.80. The lowest was 0.42. And the median was 0.56.

TPE:2109's Debt-to-Equity is ranked worse than
51.26% of 1186 companies
in the Vehicles & Parts industry
Industry Median: 0.465 vs TPE:2109: 0.49

Hwa Fong Rubber Ind Co Debt-to-Equity Historical Data

The historical data trend for Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co Debt-to-Equity Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.61

0.72

0.80

0.68

0.48

Hwa Fong Rubber Ind 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															0.56	0.47	0.48	0.48	0.49

Competitive Comparison of Hwa Fong Rubber Ind Co's Debt-to-Equity

For the Auto Parts subindustry, Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Hwa Fong Rubber Ind Co's Debt-to-Equity falls into.

Hwa Fong Rubber Ind Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hwa Fong Rubber Ind 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
	=	(641.094	+	1000.884)	/	3449.531
	=	0.48

Hwa Fong Rubber Ind 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
	=	(395.076	+	1296.191)	/	3466.348
	=	0.49

Hwa Fong Rubber Ind Co (TPE:2109) 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.

Hwa Fong Rubber Ind Co Debt-to-Equity Related Terms

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Hwa Fong Rubber Ind Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber Ind Co Ltd (TPE:2109) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002

Website

https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

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