Ton Yi Industrial (TPE:9907) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Ton Yi Industrial Debt-to-Equity?

Ton Yi Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$4,072 Mil. Ton Yi Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$4,734 Mil. Ton Yi Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$19,550 Mil. Ton Yi Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Ton Yi Industrial's Debt-to-Equity or its related term are showing as below:

TPE:9907' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.75 Max: 1.34
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Ton Yi Industrial was 1.34. The lowest was 0.33. And the median was 0.75.

TPE:9907's Debt-to-Equity is ranked worse than
51.15% of 348 companies
in the Packaging & Containers industry
Industry Median: 0.43 vs TPE:9907: 0.45

Ton Yi Industrial Debt-to-Equity Historical Data

The historical data trend for Ton Yi Industrial'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.

Ton Yi Industrial Debt-to-Equity Chart

Ton Yi Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.72

0.55

0.61

0.37

0.43

Ton Yi Industrial 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															0.33	0.35	0.44	0.43	0.45

Competitive Comparison of Ton Yi Industrial's Debt-to-Equity

For the Packaging & Containers subindustry, Ton Yi Industrial'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.

Ton Yi Industrial's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ton Yi Industrial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ton Yi Industrial's Debt-to-Equity falls into.

Ton Yi Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ton Yi Industrial'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
	=	(2953.801	+	5266.271)	/	18947.564
	=	0.43

Ton Yi Industrial'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
	=	(4071.675	+	4733.696)	/	19550.3
	=	0.45

Ton Yi Industrial (TPE:9907) 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.

Ton Yi Industrial Debt-to-Equity Related Terms

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Ton Yi Industrial (TPE:9907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ton Yi Industrial Corp (TPE:9907) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.837, Zhongzheng North Road, YongKang District, Tainan City, TWN, 710002

Website

https://www.tonyi.com.tw

Ton Yi Industrial Corp manufactures and sells a variety of packaging products. The company's primary product categories include cold rolled carbon steel, tin plates, tin cans, and polyethylene terephthalate (PET). Cold rolled carbon steel is sold to manufacturers of buckets, electric parts, steel tubes, and car parts. Tin plates are sold to manufacturers of nozzles, spouts, crown caps, and can liners. Tin cans are typically sold to the food industry, while PET is used to make plastic bottles, caps, and labels for the beverage industry.

Ton Yi Industrial (TPE:9907) Headlines

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