Victory New Materials Co (TPE:1340) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Victory New Materials Co Debt-to-Equity?

Victory New Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$17.5 Mil. Victory New Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$209.6 Mil. Victory New Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$3,709.6 Mil. Victory New Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Victory New Materials Co's Debt-to-Equity or its related term are showing as below:

TPE:1340' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.06
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Victory New Materials Co was 0.06. The lowest was 0.00. And the median was 0.01.

TPE:1340's Debt-to-Equity is ranked better than
87.04% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TPE:1340: 0.06

Victory New Materials Co Debt-to-Equity Historical Data

The historical data trend for Victory New Materials Co'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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Victory New Materials Co Debt-to-Equity Chart

Victory New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.06

Victory New Materials Co 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															0.01	0.01	0.03	0.06	0.06

Competitive Comparison of Victory New Materials Co's Debt-to-Equity

For the Footwear & Accessories subindustry, Victory New Materials Co'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.

Victory New Materials Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Victory New Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Victory New Materials Co's Debt-to-Equity falls into.

Victory New Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Victory New Materials Co'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
	=	(15.96	+	191.476)	/	3723.641
	=	0.06

Victory New Materials Co'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
	=	(17.468	+	209.565)	/	3709.583
	=	0.06

Victory New Materials Co (TPE:1340) 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.

Victory New Materials Co Debt-to-Equity Related Terms

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Victory New Materials Co (TPE:1340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Victory New Materials Ltd Co (TPE:1340) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lianyu Industrial Zone, Qingyang, Fujian Province, Jinjiang, CHN

Website

https://www.vnm.com.tw

Victory New Materials Ltd Co engages in the research and development, manufacture, and sale of new polymer materials used in sports shoe soles and sole materials. Its products include rubber sole, monochrome soles, two-color dual hardness soles, and color dual-density soles. The company also provides rubber foam soles and EVO granules, as well as finished shoes. It generates maximum revenue from a single color and RB soles product.

Victory New Materials Co (TPE:1340) Headlines

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