Ta Chen Stainless Pipe Co (TPE:2027) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is Ta Chen Stainless Pipe Co Debt-to-Equity?

Ta Chen Stainless Pipe Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$19,027 Mil. Ta Chen Stainless Pipe Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$30,831 Mil. Ta Chen Stainless Pipe Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$66,690 Mil. Ta Chen Stainless Pipe Co's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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 Ta Chen Stainless Pipe Co's Debt-to-Equity or its related term are showing as below:

TPE:2027' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 2.07 Max: 3.22
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Ta Chen Stainless Pipe Co was 3.22. The lowest was 0.75. And the median was 2.07.

TPE:2027's Debt-to-Equity is ranked worse than
70.68% of 556 companies
in the Steel industry
Industry Median: 0.415 vs TPE:2027: 0.75

Ta Chen Stainless Pipe Co Debt-to-Equity Historical Data

The historical data trend for Ta Chen Stainless Pipe 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.

Ta Chen Stainless Pipe Co Debt-to-Equity Chart

Ta Chen Stainless Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.39

1.93

0.95

0.96

0.82

Ta Chen Stainless Pipe 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															0.95	0.92	0.88	0.82	0.75

Competitive Comparison of Ta Chen Stainless Pipe Co's Debt-to-Equity

For the Steel subindustry, Ta Chen Stainless Pipe 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.

Ta Chen Stainless Pipe Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ta Chen Stainless Pipe Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ta Chen Stainless Pipe Co's Debt-to-Equity falls into.

Ta Chen Stainless Pipe Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ta Chen Stainless Pipe 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
	=	(21039.511	+	30599.665)	/	63059.997
	=	0.82

Ta Chen Stainless Pipe 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
	=	(19026.817	+	30830.554)	/	66690.382
	=	0.75

Ta Chen Stainless Pipe Co (TPE:2027) 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.

Ta Chen Stainless Pipe Co Debt-to-Equity Related Terms

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Ta Chen Stainless Pipe Co (TPE:2027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ta Chen Stainless Pipe Co Ltd (TPE:2027) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.125 Hsin-Tien 2nd Street, Hsin-Tien, Jeng-Teh, Tainan, TWN

Website

https://www.tachen.com.tw

Ta Chen Stainless Pipe Co Ltd is a Taiwan-based company that is primarily engaged in manufacturing and distributing of stainless steel, fasteners, steel strips, aluminum and nickel alloy coils, sheets, plates, long products, tubes, and PVFs. The company generates most of its sales from stainless steel products and fasteners. The company particularly specializes in manufacturing stainless tube and its accessories, which are used in petrochemical and food industries. Geographically, the company generates almost all of its revenue from the American market, where the company distributes its products through its warehouses in Los Angeles, Chicago, Houston, Atlanta, Florida, Philadelphia, Seattle, and Cleveland.

Ta Chen Stainless Pipe Co (TPE:2027) Headlines

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