Formosa Chemicals & Fibre (TPE:1326) Equity-to-Asset

: 0.60 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Formosa Chemicals & Fibre's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$339,259 Mil. Formosa Chemicals & Fibre's Total Assets for the quarter that ended in Dec. 2023 was NT$565,870 Mil. Therefore, Formosa Chemicals & Fibre's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.60.

The historical rank and industry rank for Formosa Chemicals & Fibre's Equity-to-Asset or its related term are showing as below:

TPE:1326' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.61 Max: 0.65
Current: 0.6

During the past 13 years, the highest Equity to Asset Ratio of Formosa Chemicals & Fibre was 0.65. The lowest was 0.52. And the median was 0.61.

TPE:1326's Equity-to-Asset is ranked better than
52.1% of 1570 companies
in the Chemicals industry
Industry Median: 0.59 vs TPE:1326: 0.60

Formosa Chemicals & Fibre Equity-to-Asset Historical Data

The historical data trend for Formosa Chemicals & Fibre's Equity-to-Asset 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.

Formosa Chemicals & Fibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.65

0.59

0.60

Formosa Chemicals & Fibre Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.59	0.58	0.59	0.59	0.60

Competitive Comparison

For the Chemicals subindustry, Formosa Chemicals & Fibre's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Formosa Chemicals & Fibre Equity-to-Asset Distribution

For the Chemicals industry and Basic Materials sector, Formosa Chemicals & Fibre's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Formosa Chemicals & Fibre's Equity-to-Asset falls into.

Formosa Chemicals & Fibre Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Formosa Chemicals & Fibre's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	339258.524	/	565870.368
	=	0.60

Formosa Chemicals & Fibre's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	339258.524	/	565870.368
	=	0.60

Formosa Chemicals & Fibre (TPE:1326) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Formosa Chemicals & Fibre Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Formosa Chemicals & Fibre's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Formosa Chemicals & Fibre (TPE:1326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Chemicals & Fibre Corp (TPE:1326) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua North Road, Number 201, Songshan District, Taipei, TWN, 105

Website

https://www.fcfc.com.tw

Formosa Chemicals & Fibre Corp manufactures and sells a variety of chemicals, plastics-based products, and textiles. The Company has eight business divisions, namely First Chemical Division, Petrochemicals Division, Third Chemical Division, Plastics Division, Textile Division, First Fiber Division, Second Fiber Division, and Engineering & Construction Division. The Company's businesses are production and sales of petrochemical products, including PTA, PS, AN, Butadiene, SM polymer, SM, benzene, toluene, pxylene (PX) and o-xylene (OX), as well as nylon fiber, and rayon staple fiber. The Company is also engaged in spinning, weaving, dyeing and finishing.

Formosa Chemicals & Fibre (TPE:1326) Headlines

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