Tex Year Industries Co (TPE:4720) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Tex Year Industries Co Debt-to-Equity?

Tex Year Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$628 Mil. Tex Year Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$153 Mil. Tex Year Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,380 Mil. Tex Year Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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 Tex Year Industries Co's Debt-to-Equity or its related term are showing as below:

TPE:4720' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.77 Max: 1.05
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Tex Year Industries Co was 1.05. The lowest was 0.16. And the median was 0.77.

TPE:4720's Debt-to-Equity is ranked worse than
65.83% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:4720: 0.57

Tex Year Industries Co Debt-to-Equity Historical Data

The historical data trend for Tex Year Industries 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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Tex Year Industries Co Debt-to-Equity Chart

Tex Year Industries Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.59

0.86

0.93

0.90

0.96

Tex Year Industries Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.00	0.97	0.81	0.72	0.57

Competitive Comparison of Tex Year Industries Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Tex Year Industries 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.

Tex Year Industries Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tex Year Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tex Year Industries Co's Debt-to-Equity falls into.

Tex Year Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tex Year Industries Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(700.867	+	453.977)	/	1200.961
	=	0.96

Tex Year Industries 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
	=	(627.98	+	153.012)	/	1380.277
	=	0.57

Tex Year Industries Co (TPE:4720) 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.

Tex Year Industries Co Debt-to-Equity Related Terms

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

Tex Year Industries Co (TPE:4720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tex Year Industries Co Ltd (TPE:4720) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Wuquan 6th Road, Wugu District, New Taipei, TWN, 248

Website

https://www.texyear.com

Tex Year Industries Co Ltd is the company whose main business items are the manufacturing and trading of glues, adhesives, hot-melt glues, and medical equipment. The company's product pipeline includes hot melt adhesives, dental supplies, visible light curing glue, Infection control, vibration equipment, and others. The company's geographical reporting segments are Taiwan, Asia, Europe, America, and others.

Tex Year Industries Co (TPE:4720) Headlines

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