Far Glory Hotel Co (TPE:2712) Debt-to-Equity : 0.47 (As of Sep. 2024)

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What is Far Glory Hotel Co Debt-to-Equity?

Far Glory Hotel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$158.7 Mil. Far Glory Hotel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$348.6 Mil. Far Glory Hotel Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NT$1,091.9 Mil. Far Glory Hotel Co's debt to equity for the quarter that ended in Sep. 2024 was 0.46.

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 Far Glory Hotel Co's Debt-to-Equity or its related term are showing as below:

TPE:2712' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.47
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Far Glory Hotel Co was 0.47. The lowest was 0.00. And the median was 0.06.

TPE:2712's Debt-to-Equity is ranked worse than
51.52% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs TPE:2712: 0.47

Far Glory Hotel Co Debt-to-Equity Historical Data

The historical data trend for Far Glory Hotel 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.

Far Glory Hotel Co Debt-to-Equity Chart

Far Glory Hotel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.03

0.31

0.25

Far Glory Hotel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.25	0.27	0.40	0.47

Competitive Comparison of Far Glory Hotel Co's Debt-to-Equity

For the Resorts & Casinos subindustry, Far Glory Hotel 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.

Far Glory Hotel Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Far Glory Hotel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Far Glory Hotel Co's Debt-to-Equity falls into.

Far Glory Hotel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Far Glory Hotel 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
	=	(29.487	+	279.978)	/	1257.683
	=	0.25

Far Glory Hotel Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(158.732	+	348.624)	/	1091.885
	=	0.46

Far Glory Hotel Co (TPE:2712) 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.

Far Glory Hotel Co Debt-to-Equity Related Terms

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Far Glory Hotel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Far Glory Hotel Co Ltd (TPE:2712) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18, Shanling, Shoufeng Township, Yanliao Village, Hualien County, Hualien, TWN, 97449

Website

https://www.farglory-hotel.com.tw

Far Glory Hotel Co Ltd is an operator of hotels and restaurants. The company provides hotel services which include Airport and train station transfers, fax/photocopying, Lost Property Association, Journey arrangements among others. Its segments are; Hotel rooms, Catering, and others. The company's revenue mainly comes from hotel rooms booked through travel agencies.

Far Glory Hotel Co Headlines

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