Grand Ocean Retail Group (TPE:5907) Debt-to-Equity : 2.76 (As of Mar. 2024)

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What is Grand Ocean Retail Group Debt-to-Equity?

Grand Ocean Retail Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,752 Mil. Grand Ocean Retail Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$10,398 Mil. Grand Ocean Retail Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,135 Mil. Grand Ocean Retail Group's debt to equity for the quarter that ended in Mar. 2024 was 2.76.

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 Grand Ocean Retail Group's Debt-to-Equity or its related term are showing as below:

TPE:5907' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.35 Max: 2.76
Current: 2.76

During the past 13 years, the highest Debt-to-Equity Ratio of Grand Ocean Retail Group was 2.76. The lowest was 0.52. And the median was 1.35.

TPE:5907's Debt-to-Equity is ranked worse than
89.81% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs TPE:5907: 2.76

Grand Ocean Retail Group Debt-to-Equity Historical Data

The historical data trend for Grand Ocean Retail Group'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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Grand Ocean Retail Group Debt-to-Equity Chart

Grand Ocean Retail Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.44

1.94

1.85

2.71

Grand Ocean Retail Group 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															1.96	1.92	2.23	2.71	2.76

Competitive Comparison of Grand Ocean Retail Group's Debt-to-Equity

For the Department Stores subindustry, Grand Ocean Retail Group'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.

Grand Ocean Retail Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Grand Ocean Retail Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grand Ocean Retail Group's Debt-to-Equity falls into.

Grand Ocean Retail Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Ocean Retail Group'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
	=	(3555.117	+	10180.286)	/	5072.799
	=	2.71

Grand Ocean Retail Group'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
	=	(3751.979	+	10397.613)	/	5135.182
	=	2.76

Grand Ocean Retail Group (TPE:5907) 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.

Grand Ocean Retail Group Debt-to-Equity Related Terms

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Grand Ocean Retail Group (TPE:5907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Grand Ocean Retail Group Ltd (TPE:5907) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 237, Fuxing South Road, 14th Floor, Section 2, Da'an District, Taipei, TWN, 106

Website

http://www.grandocean.com.tw

Grand Ocean Retail Group Ltd operates department stores in China. The company is engaged in the operation and management of department stores in Nanjing, Wuhan, Chongqing, Fuzhou, Suzhou, Quanzhou, Xiangtan, Hengyang, Yichang, and Hefei cities. It generates revenue from Commission and Commodity Sales. The main revenues of the group come from the department store retail business.

Grand Ocean Retail Group (TPE:5907) Headlines

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