Taiwan Styrene Monomer (TPE:1310) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Taiwan Styrene Monomer Debt-to-Equity?

Taiwan Styrene Monomer's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,153 Mil. Taiwan Styrene Monomer's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$61 Mil. Taiwan Styrene Monomer's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$6,966 Mil. Taiwan Styrene Monomer's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Taiwan Styrene Monomer's Debt-to-Equity or its related term are showing as below:

TPE:1310' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.56
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Taiwan Styrene Monomer was 0.56. The lowest was 0.02. And the median was 0.15.

TPE:1310's Debt-to-Equity is ranked better than
68.62% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:1310: 0.17

Taiwan Styrene Monomer Debt-to-Equity Historical Data

The historical data trend for Taiwan Styrene Monomer'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.

Taiwan Styrene Monomer Debt-to-Equity Chart

Taiwan Styrene Monomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.03

0.06

0.14

0.17

Taiwan Styrene Monomer Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.19	0.19	0.17	0.17

Competitive Comparison of Taiwan Styrene Monomer's Debt-to-Equity

For the Chemicals subindustry, Taiwan Styrene Monomer'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.

Taiwan Styrene Monomer's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Taiwan Styrene Monomer's Debt-to-Equity falls into.

Taiwan Styrene Monomer Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiwan Styrene Monomer'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
	=	(1123.026	+	64.095)	/	6927.485
	=	0.17

Taiwan Styrene Monomer'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
	=	(1153.087	+	60.705)	/	6965.766
	=	0.17

Taiwan Styrene Monomer (TPE:1310) 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.

Taiwan Styrene Monomer Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Taiwan Styrene Monomer's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiwan Styrene Monomer (TPE:1310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Styrene Monomer Corp (TPE:1310) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Roosevelt Road, Sec. 1, 8th-1 Floor, Taipei, TWN

Website

https://www.smct.com.tw

Taiwan Styrene Monomer Corp is engaged in the manufacturing and distribution of styrene monomer and related products. The company also offers toluene that is used as an organic solvent and para-diethyl benzene, which is used as the solvent of polystyrene. The company's main customers for the polystyrene are ABS resin and synthetic rubber manufacturers. Its products are generally used in electrical appliances, machinery, electronics, automotive, packaging and other industries.

Taiwan Styrene Monomer (TPE:1310) Headlines

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