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Honmyue Enterprise Co (TPE:1474) Debt-to-Equity : 0.49 (As of Mar. 2024)


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What is Honmyue Enterprise Co Debt-to-Equity?

Honmyue Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$572 Mil. Honmyue Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$468 Mil. Honmyue Enterprise Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$2,109 Mil. Honmyue Enterprise Co's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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 Honmyue Enterprise Co's Debt-to-Equity or its related term are showing as below:

TPE:1474' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43   Med: 0.58   Max: 0.78
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Honmyue Enterprise Co was 0.78. The lowest was 0.43. And the median was 0.58.

TPE:1474's Debt-to-Equity is ranked worse than
53.11% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs TPE:1474: 0.49

Honmyue Enterprise Co Debt-to-Equity Historical Data

The historical data trend for Honmyue Enterprise 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.

* Premium members only.

Honmyue Enterprise Co Debt-to-Equity Chart

Honmyue Enterprise Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.66 0.74 0.55 0.55

Honmyue Enterprise 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.58 0.57 0.55 0.49

Competitive Comparison of Honmyue Enterprise Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Honmyue Enterprise 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.


Honmyue Enterprise Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Honmyue Enterprise Co's Debt-to-Equity falls into.



Honmyue Enterprise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Honmyue Enterprise Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Honmyue Enterprise Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Honmyue Enterprise Co  (TPE:1474) 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.


Honmyue Enterprise Co Debt-to-Equity Related Terms

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


Honmyue Enterprise Co (TPE:1474) Business Description

Traded in Other Exchanges
N/A
Address
No.60 Kung Hsi 1 Road, Shen Kang Hsiang, Chang Hwa Hsien, Hsi Ti Village, TWN
Honmyue Enterprise Co Ltd operates in the textile manufacturing industry. The company is engaged in manufacturing nylon textiles and polyester textiles.

Honmyue Enterprise Co (TPE:1474) Headlines

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