Asia Cement (TPE:1102) Debt-to-Equity : 0.71 (As of Dec. 2023)

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What is Asia Cement Debt-to-Equity?

Asia Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$69,819 Mil. Asia Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$49,768 Mil. Asia Cement's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$169,170 Mil. Asia Cement's debt to equity for the quarter that ended in Dec. 2023 was 0.71.

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 Asia Cement's Debt-to-Equity or its related term are showing as below:

TPE:1102' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.69 Max: 0.71
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Cement was 0.71. The lowest was 0.58. And the median was 0.69.

TPE:1102's Debt-to-Equity is ranked worse than
74.29% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs TPE:1102: 0.71

Asia Cement Debt-to-Equity Historical Data

The historical data trend for Asia Cement'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.

Asia Cement Debt-to-Equity Chart

Asia Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.58

0.68

0.69

0.71

Asia Cement 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															0.71	0.77	0.73	0.71	0.71

Competitive Comparison of Asia Cement's Debt-to-Equity

For the Building Materials subindustry, Asia Cement'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.

Asia Cement's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia Cement's Debt-to-Equity falls into.

Asia Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Cement'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
	=	(69818.978	+	49767.948)	/	169169.896
	=	0.71

Asia Cement'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
	=	(69818.978	+	49767.948)	/	169169.896
	=	0.71

Asia Cement (TPE:1102) 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.

Asia Cement Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Asia Cement's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia Cement (TPE:1102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Corp (TPE:1102) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106

Website

https://www.acc.com.tw

Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

Asia Cement (TPE:1102) Headlines

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