SinoPac Financial Holdings Co (TPE:2890) Debt-to-Equity : 0.80 (As of Mar. 2024)

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What is SinoPac Financial Holdings Co Debt-to-Equity?

SinoPac Financial Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0 Mil. SinoPac Financial Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$157,267 Mil. SinoPac Financial Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$197,168 Mil. SinoPac Financial Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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 SinoPac Financial Holdings Co's Debt-to-Equity or its related term are showing as below:

TPE:2890' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.71 Max: 0.86
Current: 0.73

During the past 13 years, the highest Debt-to-Equity Ratio of SinoPac Financial Holdings Co was 0.86. The lowest was 0.53. And the median was 0.71.

TPE:2890's Debt-to-Equity is ranked worse than
53.01% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs TPE:2890: 0.73

SinoPac Financial Holdings Co Debt-to-Equity Historical Data

The historical data trend for SinoPac Financial Holdings 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.

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SinoPac Financial Holdings Co Debt-to-Equity Chart

SinoPac Financial Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.63

0.70

0.65

0.73

SinoPac Financial Holdings 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															0.60	0.72	0.74	0.73	0.80

Competitive Comparison of SinoPac Financial Holdings Co's Debt-to-Equity

For the Banks - Regional subindustry, SinoPac Financial Holdings 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.

SinoPac Financial Holdings Co's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SinoPac Financial Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SinoPac Financial Holdings Co's Debt-to-Equity falls into.

SinoPac Financial Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SinoPac Financial Holdings 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
	=	(0	+	137127.322)	/	188335.956
	=	0.73

SinoPac Financial Holdings 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
	=	(0	+	157266.944)	/	197168.114
	=	0.80

SinoPac Financial Holdings Co (TPE:2890) 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.

SinoPac Financial Holdings Co Debt-to-Equity Related Terms

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SinoPac Financial Holdings Co (TPE:2890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SinoPac Financial Holdings Co Ltd (TPE:2890) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Bade Road, Section 2, 3rd Floor, 5th to 13th Floor and No. 306 and 6th Floor 1, 6th Floor 2, Zhongshan District, Taipei, TWN, 104

Website

https://www.sinopac.com

SinoPac Financial Holdings Co Ltd is a Taiwan-based financial holdings company. The company's business segments consist of the banking business, which includes Bank SinoPac and its subsidiaries, and offers investment, insurance agent, insurance brokerage, and other services; the securities business, which includes SinoPac Securities and its subsidiaries, and offers securities trading, investment consulting, asset management, and other services; and the other business segment, which conducts businesses through a number of other subsidiaries. The company generates its revenue from the banking business. The company has a business presence in Taiwan, the United States, Asia, and other countries, with Taiwan accounting for the majority of its revenue.

SinoPac Financial Holdings Co (TPE:2890) Headlines

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