Kings Metal Fiber Technologies Co (ROCO:6832) Debt-to-Equity : 0.92 (As of Dec. 2023)

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What is Kings Metal Fiber Technologies Co Debt-to-Equity?

Kings Metal Fiber Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$72.6 Mil. Kings Metal Fiber Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$325.4 Mil. Kings Metal Fiber Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$433.6 Mil. Kings Metal Fiber Technologies Co's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

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 Kings Metal Fiber Technologies Co's Debt-to-Equity or its related term are showing as below:

ROCO:6832' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.31 Max: 1.65
Current: 0.92

During the past 6 years, the highest Debt-to-Equity Ratio of Kings Metal Fiber Technologies Co was 1.65. The lowest was 0.92. And the median was 1.31.

ROCO:6832's Debt-to-Equity is ranked worse than
72.28% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ROCO:6832: 0.92

Kings Metal Fiber Technologies Co Debt-to-Equity Historical Data

The historical data trend for Kings Metal Fiber Technologies 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.

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Kings Metal Fiber Technologies Co Debt-to-Equity Chart

Kings Metal Fiber Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.65

1.51

1.40

1.22

0.92

Kings Metal Fiber Technologies Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					1.40	1.37	1.22	1.05	0.92

Competitive Comparison of Kings Metal Fiber Technologies Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kings Metal Fiber Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kings Metal Fiber Technologies Co's Debt-to-Equity falls into.

Kings Metal Fiber Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kings Metal Fiber Technologies 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
	=	(72.582	+	325.41)	/	433.589
	=	0.92

Kings Metal Fiber Technologies 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
	=	(72.582	+	325.41)	/	433.589
	=	0.92

Kings Metal Fiber Technologies Co (ROCO:6832) 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.

Kings Metal Fiber Technologies Co Debt-to-Equity Related Terms

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Kings Metal Fiber Technologies Co (ROCO:6832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kings Metal Fiber Technologies Co Ltd (ROCO:6832) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linsen N. Road, 8th Floor, No. 426, Zhongshan District, Taipei, TWN, 104

Website

http://www.kingsmetalfiber.com

Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.

Kings Metal Fiber Technologies Co (ROCO:6832) Headlines

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