Cuong Wood - Working JSC (STC:ACG) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is Cuong Wood - Working JSC Debt-to-Equity?

Cuong Wood - Working JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫953,162 Mil. Cuong Wood - Working JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫0 Mil. Cuong Wood - Working JSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫4,254,689 Mil. Cuong Wood - Working JSC's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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 Cuong Wood - Working JSC's Debt-to-Equity or its related term are showing as below:

STC:ACG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.17 Max: 0.22
Current: 0.22

During the past 5 years, the highest Debt-to-Equity Ratio of Cuong Wood - Working JSC was 0.22. The lowest was 0.07. And the median was 0.17.

STC:ACG's Debt-to-Equity is ranked better than
68.68% of 265 companies
in the Forest Products industry
Industry Median: 0.49 vs STC:ACG: 0.22

Cuong Wood - Working JSC Debt-to-Equity Historical Data

The historical data trend for Cuong Wood - Working JSC'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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Cuong Wood - Working JSC Debt-to-Equity Chart

Cuong Wood - Working JSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.07

0.09

0.15

0.21

0.17

Cuong Wood - Working JSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.20	0.16	0.08	0.17	0.22

Competitive Comparison of Cuong Wood - Working JSC's Debt-to-Equity

For the Lumber & Wood Production subindustry, Cuong Wood - Working JSC'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.

Cuong Wood - Working JSC's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Cuong Wood - Working JSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cuong Wood - Working JSC's Debt-to-Equity falls into.

Cuong Wood - Working JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cuong Wood - Working JSC'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
	=	(706566.541	+	0)	/	4173555.901
	=	0.17

Cuong Wood - Working JSC'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
	=	(953161.538	+	0)	/	4254689.332
	=	0.22

Cuong Wood - Working JSC (STC:ACG) 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.

Cuong Wood - Working JSC Debt-to-Equity Related Terms

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Cuong Wood - Working JSC (STC:ACG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cuong Wood - Working JSC (STC:ACG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

DT 747B Street, Plot 681, map sheet 05, Phuoc Hai Ward, Thai Hoa Ward,, Binh Duong Province,, Tan Uyen Town, VNM

Website

https://www.ancuong.com

Cuong Wood - Working JSC manufacture woodworking and decorative materials. It engages in sawing, planing and preserving wood.; Manufacture of beds, cabinets, tables, and chairs; Processing of interior decoration products; Producing plywood, veneer, plywood, and other thin boards. Its products comprise MFC, Melamine MDF, laminates, acrylic, veneer, and other by-products.

Cuong Wood - Working JSC (STC:ACG) Headlines

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