New Palace International Co (TPE:8940) Debt-to-Equity: 1.03 (As of Jun. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:8940 New Palace International Co Ltd TPE:8940
76 GF Score
Price NT$15.20
GF Value NT$21.62
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is New Palace International Co Debt-to-Equity?

New Palace International Co TPE:8940 -2.88% 76 Debt-to-Equity is 1.03 as of Jun. 2026, which is 9% below its 10-year median of 1.13. GuruFocus rates TPE:8940 with a GF Score™ of 76/100 and a GF Value™ of NT$21.62 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 319 Restaurants companies, New Palace International Co ranks worse than 56.11% on this metric.

New Palace International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$104 Mil. New Palace International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$744 Mil. New Palace International Co's Total Stockholders Equity for the quarter that ended in Jun. 2026 was NT$826 Mil. New Palace International Co's debt to equity for the quarter that ended in Jun. 2026 was 1.03.

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 New Palace International Co's Debt-to-Equity or its related term are showing as below:

TPE:8940' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.7   Med: 1.13   Max: 1.94
Current: 1.03

During the past 13 years, the highest Debt-to-Equity Ratio of New Palace International Co was 1.94. The lowest was 0.70. And the median was 1.13.

TPE:8940's Debt-to-Equity is ranked worse than
56.11% of 319 companies
in the Restaurants industry
Industry Median: 0.9 vs TPE:8940: 1.03

New Palace International Co  (TPE:8940) 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.


New Palace International Co Debt-to-Equity Related Terms


New Palace International Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for New Palace International 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.

New Palace International Co Debt-to-Equity Chart

New Palace International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.70 1.21 1.28 1.09

New Palace International Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 1.20 1.09 0.98 1.03

TPE:8940 vs MCD, SBUX, YUM: Debt-to-Equity Comparison

For the Restaurants subindustry, New Palace International 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.


New Palace International Co Debt-to-Equity vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, New Palace International Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Palace International Co's Debt-to-Equity falls into.


TPE:8940
76GF Score
New Palace International Co Ltd TPE:8940
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Palace International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Palace International Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

New Palace International Co's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.03 mean?
New Palace International Co (TPE:8940) has a Debt-to-Equity of 1.03 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on New Palace International Co and its competitors. This is near median its historical median of 1.13. Over the past decade, New Palace International Co's Debt-to-Equity has ranged from 0.70 to 1.94. According to the industry distribution chart, New Palace International Co ranks #179 out of 319 companies in the Restaurants industry, placing it in the top 56.1%.
Is New Palace International Co's Debt-to-Equity too high?
New Palace International Co's current Debt-to-Equity of 1.03 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.94. The Restaurants industry median Debt-to-Equity is 0.90. New Palace International Co's value of 1.03 is 14.4% above this industry median. Based on the distribution chart, New Palace International Co ranks #179 out of 319 companies in the Restaurants industry, which is below the industry midpoint. Overall, New Palace International Co has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Palace International Co's Debt-to-Equity compare to MCD and SBUX?
According to the Restaurants industry distribution chart, New Palace International Co ranks #179 out of 319 companies for Debt-to-Equity. This places New Palace International Co in the lower half of its industry. The industry median Debt-to-Equity is 0.90. New Palace International Co's value of 1.03 is 14.4% above this benchmark. Historically, New Palace International Co's own Debt-to-Equity has ranged from 0.70 to 1.94 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.90, New Palace International Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Restaurants company?
The median Debt-to-Equity among Restaurants companies is 0.90, based on 319 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Palace International Co's current Debt-to-Equity of 1.03 is 14.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on New Palace International Co and its competitors. For the Restaurants industry, the median Debt-to-Equity is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Palace International Co's current Debt-to-Equity is 1.03, which is near median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Palace International Co stock overvalued right now?
Based on GuruFocus' analysis, New Palace International Co (TPE:8940) is currently considered Possible Value Trap. The stock's GF Value™ is NT$21.62, compared to a current price of NT$15.20 — trading 29.7% below its estimated fair value. The current Debt-to-Equity is 1.03, which is near median its 10-year median of 1.13 and 14.4% above the Restaurants industry median of 0.90. New Palace International Co's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For New Palace International Co (TPE:8940), the current Debt-to-Equity is 1.03 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is New Palace International Co (TPE:8940) Overvalued in 2026?

Based on GuruFocus' analysis, New Palace International Co stock appears to be undervalued. The current stock price of NT$15.20 is trading 29.7% below its estimated GF Value™ of NT$21.62. GuruFocus considers New Palace International Co to be Possible Value Trap.

Key valuation signals for TPE:8940:

  • Debt-to-Equity: 1.03 (near median its 10-year median of 1.13)
  • GF Value™: NT$21.62 vs. price of NT$15.20 (29.7% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 14.4% above the Restaurants median (#179 of 319)

No single metric tells the full story. See the TPE:8940 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New Palace International Co Business Description

Address No. 456, Hanxi East Road, Section 1, East District, Taichang, TWN, 401
New Palace International Co Ltd is a Taiwan-based company engaged in the catering industry. Its products and services include the provision of traditional catering services, banquets, and buffets. The company generates the majority of its revenue from Chinese banquet catering, and a small portion of revenue is derived from Other catering services.
76GF Score

Get the complete analysis for TPE:8940

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$15.20
Price
NT$21.62
GF Value