Wah Lee Industrial (TPE:3010) Debt-to-Equity : 0.73 (As of Mar. 2024)

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What is Wah Lee Industrial Debt-to-Equity?

Wah Lee Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$9,427 Mil. Wah Lee Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$5,095 Mil. Wah Lee Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$19,960 Mil. Wah Lee Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.73.

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

TPE:3010' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.92 Max: 1.14
Current: 0.73

During the past 13 years, the highest Debt-to-Equity Ratio of Wah Lee Industrial was 1.14. The lowest was 0.57. And the median was 0.92.

TPE:3010's Debt-to-Equity is ranked worse than
78.66% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs TPE:3010: 0.73

Wah Lee Industrial Debt-to-Equity Historical Data

The historical data trend for Wah Lee 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.

Wah Lee Industrial Debt-to-Equity Chart

Wah Lee Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.03

1.00

0.98

1.11

0.97

Wah Lee 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															0.96	0.96	1.04	0.97	0.73

Competitive Comparison of Wah Lee Industrial's Debt-to-Equity

For the Electronics & Computer Distribution subindustry, Wah Lee 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.

Wah Lee Industrial's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wah Lee Industrial's Debt-to-Equity distribution charts can be found below:

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

Wah Lee Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wah Lee 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
	=	(12794.444	+	5160.645)	/	18575.018
	=	0.97

Wah Lee 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
	=	(9426.689	+	5095.274)	/	19959.68
	=	0.73

Wah Lee Industrial (TPE:3010) 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.

Wah Lee Industrial Debt-to-Equity Related Terms

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Wah Lee Industrial (TPE:3010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wah Lee Industrial Corp (TPE:3010) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 235, Chung Cheng 4th Road, 10th Floor, Kaohsiung, TWN, 801

Website

https://www.wahlee.com

Wah Lee Industrial Corporation is a Taiwan-based distributor of materials for use in industrial practices. While the company generates some revenue domestically, the majority of revenue is earned in China. The company operates through three main segments: Wah Lee Industrial, Raycong, Shanghai Yikang, and Others. Wah Lee Industrial, which generates the majority of revenue, distributes products for use in composite materials, plastics, printed circuit boards, semiconductors, and opto-electronics. Other products distributed by the company include bullet-resistant materials, carbon fibres, high-performance fabrics, and environmentally friendly refrigerants.

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