Taiwan Navigation Co (TPE:2617) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Taiwan Navigation Co Debt-to-Equity?

Taiwan Navigation Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$670 Mil. Taiwan Navigation Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6,046 Mil. Taiwan Navigation Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$16,504 Mil. Taiwan Navigation Co's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Taiwan Navigation Co's Debt-to-Equity or its related term are showing as below:

TPE:2617' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.39 Max: 0.54
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Taiwan Navigation Co was 0.54. The lowest was 0.16. And the median was 0.39.

TPE:2617's Debt-to-Equity is ranked better than
58.57% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs TPE:2617: 0.41

Taiwan Navigation Co Debt-to-Equity Historical Data

The historical data trend for Taiwan Navigation 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.

Taiwan Navigation Co Debt-to-Equity Chart

Taiwan Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.37

0.46

0.41

0.47

0.41

Taiwan Navigation Co 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															0.44	0.45	0.44	0.41	0.41

Competitive Comparison of Taiwan Navigation Co's Debt-to-Equity

For the Marine Shipping subindustry, Taiwan Navigation 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.

Taiwan Navigation Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Navigation Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Taiwan Navigation Co's Debt-to-Equity falls into.

Taiwan Navigation Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiwan Navigation 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
	=	(628.3	+	5925.519)	/	15969.42
	=	0.41

Taiwan Navigation 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
	=	(669.897	+	6045.694)	/	16503.653
	=	0.41

Taiwan Navigation Co (TPE:2617) 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.

Taiwan Navigation Co Debt-to-Equity Related Terms

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

Taiwan Navigation Co (TPE:2617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Navigation Co Ltd (TPE:2617) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 29, Jinan Road, Section 2, 2-6 Floor, Taipei, TWN, 100

Website

https://www.taiwanline.com.tw

Taiwan Navigation Co Ltd is a Taiwan based company, engages in the provision of shipping related services. It is engaged in passenger and freight transport via water, port warehousing, aquatic sand mining, and navigation channel dredging and also acts as a shipping agency, provides tugboats, and acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.

Taiwan Navigation Co (TPE:2617) Headlines

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