Ping Ho Environmental Technology Co (TPE:6771) Debt-to-Equity : 0.42 (As of Dec. 2024)

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What is Ping Ho Environmental Technology Co Debt-to-Equity?

Ping Ho Environmental Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$155.9 Mil. Ping Ho Environmental Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$209.7 Mil. Ping Ho Environmental Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was NT$861.4 Mil. Ping Ho Environmental Technology Co's debt to equity for the quarter that ended in Dec. 2024 was 0.42.

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 Ping Ho Environmental Technology Co's Debt-to-Equity or its related term are showing as below:

TPE:6771' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.91 Max: 1.63
Current: 0.42

During the past 9 years, the highest Debt-to-Equity Ratio of Ping Ho Environmental Technology Co was 1.63. The lowest was 0.42. And the median was 0.91.

TPE:6771's Debt-to-Equity is ranked better than
61.09% of 221 companies
in the Waste Management industry
Industry Median: 0.64 vs TPE:6771: 0.42

Ping Ho Environmental Technology Co Debt-to-Equity Historical Data

The historical data trend for Ping Ho Environmental Technology 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.

Ping Ho Environmental Technology Co Debt-to-Equity Chart

Ping Ho Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.91

0.80

0.69

0.61

0.42

Ping Ho Environmental Technology Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.61	0.70	0.61	0.46	0.42

Competitive Comparison of Ping Ho Environmental Technology Co's Debt-to-Equity

For the Waste Management subindustry, Ping Ho Environmental Technology 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.

Ping Ho Environmental Technology Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Ping Ho Environmental Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ping Ho Environmental Technology Co's Debt-to-Equity falls into.

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Ping Ho Environmental Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ping Ho Environmental Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(155.937	+	209.668)	/	861.442
	=	0.42

Ping Ho Environmental Technology Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(155.937	+	209.668)	/	861.442
	=	0.42

Ping Ho Environmental Technology Co (TPE:6771) 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.

Ping Ho Environmental Technology Co Debt-to-Equity Related Terms

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

Ping Ho Environmental Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ping Ho Environmental Technology Co Ltd (TPE:6771) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Bengong Road, Gangshan District, Kaohsiung, TWN

Website

http://www.pinghounion.com.tw

Ping Ho Environmental Technology Co Ltd is engaged in wastewater treatment business. It has patent for a regenerating coagulant which converts waste acid liquid and iron-containing sludge into special iron coagulants required for chemical. The Company mainly derives its operating income from revenue generated by the treatment of wastewater.

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