U-Best Innovative Technology Co (ROCO:4714) Debt-to-Equity : 0.65 (As of Mar. 2024)

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What is U-Best Innovative Technology Co Debt-to-Equity?

U-Best Innovative Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,351.5 Mil. U-Best Innovative Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$42.1 Mil. U-Best Innovative Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$2,135.6 Mil. U-Best Innovative Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.65.

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 U-Best Innovative Technology Co's Debt-to-Equity or its related term are showing as below:

ROCO:4714' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.36 Max: 1.51
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of U-Best Innovative Technology Co was 1.51. The lowest was 0.03. And the median was 0.36.

ROCO:4714's Debt-to-Equity is ranked worse than
70.11% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs ROCO:4714: 0.65

U-Best Innovative Technology Co Debt-to-Equity Historical Data

The historical data trend for U-Best Innovative Technology 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.

U-Best Innovative Technology Co Debt-to-Equity Chart

U-Best Innovative Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.40

0.56

1.51

1.24

U-Best Innovative Technology Co 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															1.21	1.26	1.32	1.24	0.65

Competitive Comparison of U-Best Innovative Technology Co's Debt-to-Equity

For the Specialty Chemicals subindustry, U-Best Innovative Technology 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.

U-Best Innovative Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, U-Best Innovative Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where U-Best Innovative Technology Co's Debt-to-Equity falls into.

U-Best Innovative Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

U-Best Innovative Technology 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
	=	(1828.193	+	92.147)	/	1548.585
	=	1.24

U-Best Innovative Technology Co'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
	=	(1351.455	+	42.145)	/	2135.573
	=	0.65

U-Best Innovative Technology Co (ROCO:4714) 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.

U-Best Innovative Technology Co Debt-to-Equity Related Terms

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U-Best Innovative Technology Co (ROCO:4714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » U-Best Innovative Technology Co Ltd (ROCO:4714) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 258-26, Anding,, Anjia Village,, Anding District,, Tainan, TWN

Website

https://www.u-best-inno.com

U-Best Innovative Technology Co Ltd is a Taiwan-based company engaged in manufacturing and trading polymer chemical raw materials and synthetic leather, plastic leather, and flocked fabric; development, leasing, and sale of residential and office buildings; breeding of livestock; and trading of commodities. The products of the company's polymer chemical raw materials include polyurethane resins, adhesives, surface treatment agents, and solvents.

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