China Steel Chemical (TPE:1723) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is China Steel Chemical Debt-to-Equity?

China Steel Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$290 Mil. China Steel Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,061 Mil. China Steel Chemical's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$8,383 Mil. China Steel Chemical's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 China Steel Chemical's Debt-to-Equity or its related term are showing as below:

TPE:1723' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: 0.54
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of China Steel Chemical was 0.54. The lowest was 0.01. And the median was 0.29.

TPE:1723's Debt-to-Equity is ranked better than
69.63% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TPE:1723: 0.16

China Steel Chemical Debt-to-Equity Historical Data

The historical data trend for China Steel Chemical'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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China Steel Chemical Debt-to-Equity Chart

China Steel Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.48

0.54

0.36

0.23

0.25

China Steel Chemical 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															0.17	0.10	0.17	0.25	0.16

Competitive Comparison of China Steel Chemical's Debt-to-Equity

For the Chemicals subindustry, China Steel Chemical'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.

China Steel Chemical's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Steel Chemical's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Steel Chemical's Debt-to-Equity falls into.

China Steel Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Steel Chemical'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
	=	(481.467	+	1537.166)	/	8214.47
	=	0.25

China Steel Chemical'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
	=	(290.004	+	1060.74)	/	8383.38
	=	0.16

China Steel Chemical (TPE:1723) 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.

China Steel Chemical Debt-to-Equity Related Terms

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

China Steel Chemical (TPE:1723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Steel Chemical Corp (TPE:1723) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN

Website

https://www.cscc.com.tw

China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in three segments. The CSCC/CCSCM segment which derives the majority of revenue engages in the production and marketing of chemical products. EGI/CSCCC segment engages in the trade of chemical products. EWI segment engages in investment holding.

China Steel Chemical (TPE:1723) Headlines

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