Chenfull Precision Co (ROCO:6829) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Chenfull Precision Co Debt-to-Equity?

Chenfull Precision Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$406 Mil. Chenfull Precision Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$114 Mil. Chenfull Precision Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,909 Mil. Chenfull Precision Co's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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 Chenfull Precision Co's Debt-to-Equity or its related term are showing as below:

ROCO:6829' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.27
Current: 0.27

During the past 6 years, the highest Debt-to-Equity Ratio of Chenfull Precision Co was 0.27. The lowest was 0.06. And the median was 0.08.

ROCO:6829's Debt-to-Equity is ranked better than
52.28% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs ROCO:6829: 0.27

Chenfull Precision Co Debt-to-Equity Historical Data

The historical data trend for Chenfull Precision 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.

Chenfull Precision Co Debt-to-Equity Chart

Chenfull Precision Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

N/A

0.06

0.11

0.07

Chenfull Precision Co Quarterly Data
	Dec19	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												0.07	0.08	0.07	0.07	0.27

Competitive Comparison of Chenfull Precision Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chenfull Precision 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.

Chenfull Precision Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chenfull Precision Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chenfull Precision Co's Debt-to-Equity falls into.

Chenfull Precision Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chenfull Precision 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
	=	(6.328	+	120.964)	/	1844.837
	=	0.07

Chenfull Precision 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
	=	(405.52	+	114.053)	/	1909.438
	=	0.27

Chenfull Precision Co (ROCO:6829) 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.

Chenfull Precision Co Debt-to-Equity Related Terms

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Chenfull Precision Co (ROCO:6829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chenfull Precision Co Ltd (ROCO:6829) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.28, Houke South Road, Central Science Park, Houli District, Taichung, TWN, 421012

Website

https://www.cfprec.com.tw

Chenfull Precision Co Ltd is engaged in producing and manufacturing structure parts and engine cases for the international civil aviation industry, and critical parts and components for the optoelectronic and semiconductor equipment industry.

Chenfull Precision Co (ROCO:6829) Headlines

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