New Asia Construction & Development (TPE:2516) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is New Asia Construction & Development Debt-to-Equity?

New Asia Construction & Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$988 Mil. New Asia Construction & Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$23 Mil. New Asia Construction & Development's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,595 Mil. New Asia Construction & Development's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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 New Asia Construction & Development's Debt-to-Equity or its related term are showing as below:

TPE:2516' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.78 Max: 1.13
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of New Asia Construction & Development was 1.13. The lowest was 0.38. And the median was 0.78.

TPE:2516's Debt-to-Equity is ranked worse than
61.49% of 1514 companies
in the Construction industry
Industry Median: 0.44 vs TPE:2516: 0.63

New Asia Construction & Development Debt-to-Equity Historical Data

The historical data trend for New Asia Construction & Development'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.

New Asia Construction & Development Debt-to-Equity Chart

New Asia Construction & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.52

0.66

0.81

0.59

New Asia Construction & Development 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															0.79	0.72	0.66	0.59	0.63

Competitive Comparison of New Asia Construction & Development's Debt-to-Equity

For the Engineering & Construction subindustry, New Asia Construction & Development'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.

New Asia Construction & Development's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Asia Construction & Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Asia Construction & Development's Debt-to-Equity falls into.

New Asia Construction & Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Asia Construction & Development'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
	=	(884.171	+	12.426)	/	1533.51
	=	0.58

New Asia Construction & Development'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
	=	(987.797	+	23.05)	/	1594.679
	=	0.63

New Asia Construction & Development (TPE:2516) 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.

New Asia Construction & Development Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of New Asia Construction & Development's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

New Asia Construction & Development (TPE:2516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Asia Construction & Development Corp (TPE:2516) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN

Website

http://www.newasia.com.tw

New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

New Asia Construction & Development (TPE:2516) Headlines

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