Zeng Hsing Industrial Co (TPE:1558) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is Zeng Hsing Industrial Co Debt-to-Equity?

Zeng Hsing Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$815 Mil. Zeng Hsing Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$697 Mil. Zeng Hsing Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,501 Mil. Zeng Hsing Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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 Zeng Hsing Industrial Co's Debt-to-Equity or its related term are showing as below:

TPE:1558' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.63
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Zeng Hsing Industrial Co was 0.63. The lowest was 0.02. And the median was 0.15.

TPE:1558's Debt-to-Equity is ranked better than
55.79% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs TPE:1558: 0.28

Zeng Hsing Industrial Co Debt-to-Equity Historical Data

The historical data trend for Zeng Hsing Industrial 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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Zeng Hsing Industrial Co Debt-to-Equity Chart

Zeng Hsing Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.09

0.20

0.29

0.42

0.26

Zeng Hsing Industrial 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															0.34	0.25	0.24	0.26	0.28

Competitive Comparison of Zeng Hsing Industrial Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Zeng Hsing Industrial 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.

Zeng Hsing Industrial Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zeng Hsing Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zeng Hsing Industrial Co's Debt-to-Equity falls into.

Zeng Hsing Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zeng Hsing Industrial 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
	=	(670.26	+	723.702)	/	5347.899
	=	0.26

Zeng Hsing Industrial 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
	=	(815.119	+	696.821)	/	5500.836
	=	0.27

Zeng Hsing Industrial Co (TPE:1558) 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.

Zeng Hsing Industrial Co Debt-to-Equity Related Terms

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Zeng Hsing Industrial Co (TPE:1558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zeng Hsing Industrial Co Ltd (TPE:1558) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Yongcheng Road, Taiping District, Taichung, TWN

Website

https://www.zenghsing.com.tw

Zeng Hsing Industrial Co Ltd is a Taiwan-based company that designs and manufactures household sewing machines, household cleaners, and related components. The company operates as an original design manufacturer, which means it supplies its products to brand owners. The company has manufacturing plants in Taiwan, mainland China, and Vietnam. Its sewing machine products are used by end users to knit clothes, tablecloths, and other items.

Zeng Hsing Industrial Co (TPE:1558) Headlines

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