Formosa Plastics (TPE:1301) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Formosa Plastics Debt-to-Equity?

Formosa Plastics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$59,433 Mil. Formosa Plastics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$57,322 Mil. Formosa Plastics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$347,360 Mil. Formosa Plastics's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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 Formosa Plastics's Debt-to-Equity or its related term are showing as below:

TPE:1301' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.23 Max: 0.36
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Formosa Plastics was 0.36. The lowest was 0.14. And the median was 0.23.

TPE:1301's Debt-to-Equity is ranked better than
51.9% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:1301: 0.34

Formosa Plastics Debt-to-Equity Historical Data

The historical data trend for Formosa Plastics'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.

Formosa Plastics Debt-to-Equity Chart

Formosa Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.23

0.14

0.23

0.34

Formosa Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.25	0.25	0.30	0.34

Competitive Comparison of Formosa Plastics's Debt-to-Equity

For the Specialty Chemicals subindustry, Formosa Plastics'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.

Formosa Plastics's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Plastics's Debt-to-Equity distribution charts can be found below:

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

Formosa Plastics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Formosa Plastics'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
	=	(59433.326	+	57321.727)	/	347360.145
	=	0.34

Formosa Plastics'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
	=	(59433.326	+	57321.727)	/	347360.145
	=	0.34

Formosa Plastics (TPE:1301) 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.

Formosa Plastics Debt-to-Equity Related Terms

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Formosa Plastics (TPE:1301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Plastics Corp (TPE:1301) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.fpc.com.tw

Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics, Polyolefins, Polypropylene, Tairylan, Chemistry, and Others. The company's products run the gambit of major petrochemicals and plastics. These are used in daily necessities, outdoor sports, mechanical industry, building material coating, and other applications. The company operates primarily in Asia, including Taiwan, mainland China, among others.

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