Grand Pacific Petrochemical (TPE:1312) Debt-to-Equity : 0.70 (As of Mar. 2024)

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What is Grand Pacific Petrochemical Debt-to-Equity?

Grand Pacific Petrochemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$10,673 Mil. Grand Pacific Petrochemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$12,897 Mil. Grand Pacific Petrochemical's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$33,473 Mil. Grand Pacific Petrochemical's debt to equity for the quarter that ended in Mar. 2024 was 0.70.

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 Grand Pacific Petrochemical's Debt-to-Equity or its related term are showing as below:

TPE:1312' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.75
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Grand Pacific Petrochemical was 0.75. The lowest was 0.00. And the median was 0.04.

TPE:1312's Debt-to-Equity is ranked worse than
72.99% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:1312: 0.70

Grand Pacific Petrochemical Debt-to-Equity Historical Data

The historical data trend for Grand Pacific Petrochemical'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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Grand Pacific Petrochemical Debt-to-Equity Chart

Grand Pacific Petrochemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.05

0.12

0.63

0.65

Grand Pacific Petrochemical 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															0.66	0.70	0.75	0.65	0.70

Competitive Comparison of Grand Pacific Petrochemical's Debt-to-Equity

For the Chemicals subindustry, Grand Pacific Petrochemical'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.

Grand Pacific Petrochemical's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Grand Pacific Petrochemical's Debt-to-Equity falls into.

Grand Pacific Petrochemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Pacific Petrochemical'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
	=	(5898.01	+	15629.161)	/	33241.272
	=	0.65

Grand Pacific Petrochemical'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
	=	(10673.201	+	12897.025)	/	33472.67
	=	0.70

Grand Pacific Petrochemical (TPE:1312) 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.

Grand Pacific Petrochemical Debt-to-Equity Related Terms

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

Grand Pacific Petrochemical (TPE:1312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grand Pacific Petrochemical Corp (TPE:1312) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1312A:Taiwan

Address

No. 4, Xinggong Road, Dashe District, Kaohsiung City, TWN, 81567

Website

https://www.gppc.com.tw

Grand Pacific Petrochemical Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm makes its products from petroleum. The company sells polystyrene resins, which are used in the production of rubber and plastics, including food containers and plastic credit cards. It also sells thermoplastic resins, which are used to produce automobile interior parts, luggage, computer monitors, modems, and scanners. The company also sells styrene-acrylonitrile resins, which are used to produce battery components, disposable lighters, electric fan blades, and air conditioner parts.

Grand Pacific Petrochemical (TPE:1312) Headlines

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