U-Ming Marine Transport (TPE:2606) Debt-to-Equity : 1.19 (As of Mar. 2024)

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What is U-Ming Marine Transport Debt-to-Equity?

U-Ming Marine Transport's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$16,751 Mil. U-Ming Marine Transport's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$28,046 Mil. U-Ming Marine Transport's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$37,741 Mil. U-Ming Marine Transport's debt to equity for the quarter that ended in Mar. 2024 was 1.19.

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 U-Ming Marine Transport's Debt-to-Equity or its related term are showing as below:

TPE:2606' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.1 Med: 1.34 Max: 1.81
Current: 1.19

During the past 13 years, the highest Debt-to-Equity Ratio of U-Ming Marine Transport was 1.81. The lowest was 1.10. And the median was 1.34.

TPE:2606's Debt-to-Equity is ranked worse than
74.83% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs TPE:2606: 1.19

U-Ming Marine Transport Debt-to-Equity Historical Data

The historical data trend for U-Ming Marine Transport'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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U-Ming Marine Transport Debt-to-Equity Chart

U-Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.11

1.53

1.33

1.27

1.33

U-Ming Marine Transport 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															1.36	1.41	1.33	1.33	1.19

Competitive Comparison of U-Ming Marine Transport's Debt-to-Equity

For the Marine Shipping subindustry, U-Ming Marine Transport'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.

U-Ming Marine Transport's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, U-Ming Marine Transport's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where U-Ming Marine Transport's Debt-to-Equity falls into.

U-Ming Marine Transport Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

U-Ming Marine Transport'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
	=	(15791.536	+	29032.073)	/	33697.999
	=	1.33

U-Ming Marine Transport'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
	=	(16751.196	+	28046.427)	/	37741.079
	=	1.19

U-Ming Marine Transport (TPE:2606) 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.

U-Ming Marine Transport Debt-to-Equity Related Terms

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U-Ming Marine Transport (TPE:2606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » U-Ming Marine Transport Corp (TPE:2606) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 207, Section 2, Tun Hwa South Road, 29th Floor, Taipei, TWN, 106

Website

http://www.uming.com.tw

U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.

U-Ming Marine Transport (TPE:2606) Headlines

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