Cathay Financial Holding Co (TPE:2882) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Cathay Financial Holding Co Debt-to-Equity?

Cathay Financial Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$0 Mil. Cathay Financial Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$285,488 Mil. Cathay Financial Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$788,055 Mil. Cathay Financial Holding Co's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Cathay Financial Holding Co's Debt-to-Equity or its related term are showing as below:

TPE:2882' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.25 Max: 0.4
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Cathay Financial Holding Co was 0.40. The lowest was 0.18. And the median was 0.25.

TPE:2882's Debt-to-Equity is ranked worse than
63.09% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs TPE:2882: 0.36

Cathay Financial Holding Co Debt-to-Equity Historical Data

The historical data trend for Cathay Financial Holding 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.

* Premium members only.

Cathay Financial Holding Co Debt-to-Equity Chart

Cathay Financial Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.23

0.25

0.40

0.36

Cathay Financial Holding Co 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															0.40	0.35	0.34	0.42	0.36

Competitive Comparison of Cathay Financial Holding Co's Debt-to-Equity

For the Insurance - Life subindustry, Cathay Financial Holding 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.

Cathay Financial Holding Co's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Cathay Financial Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cathay Financial Holding Co's Debt-to-Equity falls into.

Cathay Financial Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cathay Financial Holding Co'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
	=	(0	+	285488.019)	/	788054.685
	=	0.36

Cathay Financial Holding Co'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
	=	(0	+	285488.019)	/	788054.685
	=	0.36

Cathay Financial Holding Co (TPE:2882) 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.

Cathay Financial Holding Co Debt-to-Equity Related Terms

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

Cathay Financial Holding Co (TPE:2882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cathay Financial Holding Co Ltd (TPE:2882) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2882B.PFD:Taiwan 2882A.PFD:Taiwan

Address

No. 296, Section 4, Renai Road, Da'an District, Taipei, TWN, 106

Website

https://www.cathayholdings.com

Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The scope of its business is limited by the operation of law to the investment and management of financial services enterprises. The company is a hub for financial services primarily in insurance and banking, and secondarily in asset management. Cathay Financial Holding emphasizes cross-selling and information technology integration in its business model. most of its insurance business, which constitutes approximately half of the company's revenue mix, is related to life insurance. Its banking business, which makes up nearly the other half of its business, is mostly related to consumer and corporate banking.

Cathay Financial Holding Co (TPE:2882) Headlines

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