Union Steel Holdings (SGX:ZB9) Debt-to-Equity : 0.49 (As of Dec. 2023)

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What is Union Steel Holdings Debt-to-Equity?

Union Steel Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$23.8 Mil. Union Steel Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$17.0 Mil. Union Steel Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$82.7 Mil. Union Steel Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

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 Union Steel Holdings's Debt-to-Equity or its related term are showing as below:

SGX:ZB9' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.61 Max: 0.77
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Union Steel Holdings was 0.77. The lowest was 0.44. And the median was 0.61.

SGX:ZB9's Debt-to-Equity is ranked better than
60.91% of 220 companies
in the Waste Management industry
Industry Median: 0.745 vs SGX:ZB9: 0.49

Union Steel Holdings Debt-to-Equity Historical Data

The historical data trend for Union Steel Holdings'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.

Union Steel Holdings Debt-to-Equity Chart

Union Steel Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.72

0.77

0.49

0.70

0.52

Union Steel Holdings 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															0.44	0.70	0.66	0.52	0.49

Competitive Comparison of Union Steel Holdings's Debt-to-Equity

For the Waste Management subindustry, Union Steel Holdings'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.

Union Steel Holdings's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Union Steel Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Union Steel Holdings's Debt-to-Equity falls into.

Union Steel Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Union Steel Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(20.746	+	19.768)	/	77.646
	=	0.52

Union Steel Holdings'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
	=	(23.757	+	16.962)	/	82.712
	=	0.49

Union Steel Holdings (SGX:ZB9) 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.

Union Steel Holdings Debt-to-Equity Related Terms

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Union Steel Holdings (SGX:ZB9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Union Steel Holdings Ltd (SGX:ZB9) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Pioneer Road North, Singapore, SGP, 628474

Website

http://www.unionsteel.com.sg

Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals that include import and export of scrap metals, trading, and leasing of metal products; Scaffolding that provides scaffolding services and related consultancy services; Engineering including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore followed by India, South Africa, Malaysia, Indonesia, Pakistan, Netherlands, and Others.

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