Tye Soon (SGX:BFU) Debt-to-Equity : 1.33 (As of Dec. 2023)

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What is Tye Soon Debt-to-Equity?

Tye Soon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$76.2 Mil. Tye Soon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$5.1 Mil. Tye Soon's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$61.0 Mil. Tye Soon's debt to equity for the quarter that ended in Dec. 2023 was 1.33.

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 Tye Soon's Debt-to-Equity or its related term are showing as below:

SGX:BFU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.34 Max: 1.64
Current: 1.33

During the past 13 years, the highest Debt-to-Equity Ratio of Tye Soon was 1.64. The lowest was 0.52. And the median was 1.34.

SGX:BFU's Debt-to-Equity is ranked worse than
88.81% of 134 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs SGX:BFU: 1.33

Tye Soon Debt-to-Equity Historical Data

The historical data trend for Tye Soon'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.

Tye Soon Debt-to-Equity Chart

Tye Soon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.64

1.35

1.20

1.28

1.33

Tye Soon Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.20	1.15	1.28	1.43	1.33

Competitive Comparison of Tye Soon's Debt-to-Equity

For the Industrial Distribution subindustry, Tye Soon'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.

Tye Soon's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Tye Soon's Debt-to-Equity distribution charts can be found below:

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

Tye Soon Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tye Soon'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
	=	(76.2	+	5.076)	/	61.042
	=	1.33

Tye Soon'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
	=	(76.2	+	5.076)	/	61.042
	=	1.33

Tye Soon (SGX:BFU) 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.

Tye Soon Debt-to-Equity Related Terms

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Tye Soon (SGX:BFU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Tye Soon Ltd (SGX:BFU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3C Toh Guan Road East, Number 02-01, Singapore, SGP, 608832

Website

https://www.tyesoon.com

Tye Soon Ltd is a Singapore based company primarily engaged in import, export, and distribution of automotive parts. The products of the company are electrical and aircon parts, transmission, chassis and body parts, engine parts, brake parts, fuel range, and others. It has operations in Singapore, Malaysia, Thailand, Indonesia, South Korea, and other countries. It generates key revenue from operations in Malaysia. The company's global brands include Genuine Parts; Mercedes-Benz; Hengst and Mann Filter; GMB and others.

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