King Slide Works Co (TPE:2059) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is King Slide Works Co Debt-to-Equity?

King Slide Works Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$430 Mil. King Slide Works Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,903 Mil. King Slide Works Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$17,854 Mil. King Slide Works Co's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 King Slide Works Co's Debt-to-Equity or its related term are showing as below:

TPE:2059' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.16
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of King Slide Works Co was 0.16. The lowest was 0.02. And the median was 0.09.

TPE:2059's Debt-to-Equity is ranked better than
75.2% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs TPE:2059: 0.13

King Slide Works Co Debt-to-Equity Historical Data

The historical data trend for King Slide Works 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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King Slide Works Co Debt-to-Equity Chart

King Slide Works 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

0.11

0.12

0.14

King Slide Works 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															0.11	0.16	0.15	0.14	0.13

Competitive Comparison of King Slide Works Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, King Slide Works 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.

King Slide Works Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where King Slide Works Co's Debt-to-Equity falls into.

King Slide Works Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

King Slide Works 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
	=	(425.249	+	1883.034)	/	16436.179
	=	0.14

King Slide Works 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
	=	(430.219	+	1902.666)	/	17854.479
	=	0.13

King Slide Works Co (TPE:2059) 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.

King Slide Works Co Debt-to-Equity Related Terms

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King Slide Works Co (TPE:2059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » King Slide Works Co Ltd (TPE:2059) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Lane 275, Shun An Road, Lu Chu District, Kaohsiung, TWN, 82150

Website

https://www.kingslide.com

King Slide Works Co Ltd is a Taiwan-based company that manufactures and distributes electronic parts and components. The company operates primarily through two subsidiaries: King Slide Works and King Slide Technology. King Slide Works is a Taiwan-based company that develops, manufactures, and markets furniture accessories, including under-mount slides, ball-bearing slides, epoxy-coated drawer slides, and hinges. King Slide Technology develops and manufactures high-precision metal components applied in computer, communications, and consumer electronics products. The company has a global presence, with Taiwan, America, and China being its three largest markets.

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