Tai Tung Communication Co (TPE:8011) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is Tai Tung Communication Co Debt-to-Equity?

Tai Tung Communication Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$748 Mil. Tai Tung Communication Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$2,686 Mil. Tai Tung Communication Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$2,976 Mil. Tai Tung Communication Co's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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 Tai Tung Communication Co's Debt-to-Equity or its related term are showing as below:

TPE:8011' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.83 Max: 1.15
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Tai Tung Communication Co was 1.15. The lowest was 0.64. And the median was 0.83.

TPE:8011's Debt-to-Equity is ranked worse than
89.33% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs TPE:8011: 1.15

Tai Tung Communication Co Debt-to-Equity Historical Data

The historical data trend for Tai Tung Communication 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.

Tai Tung Communication Co Debt-to-Equity Chart

Tai Tung Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.12

0.86

0.88

0.95

1.15

Tai Tung Communication Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.95	1.00	1.18	1.25	1.15

Competitive Comparison of Tai Tung Communication Co's Debt-to-Equity

For the Communication Equipment subindustry, Tai Tung Communication 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.

Tai Tung Communication Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tai Tung Communication Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tai Tung Communication Co's Debt-to-Equity falls into.

Tai Tung Communication Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tai Tung Communication 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
	=	(747.775	+	2686.281)	/	2975.74
	=	1.15

Tai Tung Communication Co's Debt to Equity Ratio for the quarter 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
	=	(747.775	+	2686.281)	/	2975.74
	=	1.15

Tai Tung Communication Co (TPE:8011) 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.

Tai Tung Communication Co Debt-to-Equity Related Terms

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Tai Tung Communication Co (TPE:8011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tai Tung Communication Co Ltd (TPE:8011) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th Floor, Number 219, Fuhui Road, Xinzhuang District, New Taipei City, TWN

Website

https://www.ttcc.com.tw

Tai Tung Communication Co Ltd is a Taiwan-based company mainly engaged in the fiber optical cables and Fiber to the Home (FTTH) related accessories business, internal and external communication cables business, power transmission cables business, manufacture and sale of other products, and wholesale and retail sale of ores. The company's business operations cover outdoor and indoor optical cables, telecommunication cable, power transmission and distribution cable, CATV trunk and distribution cable and others.

Tai Tung Communication Co (TPE:8011) Headlines

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