Lu Hai Holding (TPE:2115) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Lu Hai Holding Debt-to-Equity?

Lu Hai Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$353 Mil. Lu Hai Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$819 Mil. Lu Hai Holding's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$3,147 Mil. Lu Hai Holding's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Lu Hai Holding's Debt-to-Equity or its related term are showing as below:

TPE:2115' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.3 Max: 0.46
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Lu Hai Holding was 0.46. The lowest was 0.24. And the median was 0.30.

TPE:2115's Debt-to-Equity is ranked better than
58.24% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TPE:2115: 0.37

Lu Hai Holding Debt-to-Equity Historical Data

The historical data trend for Lu Hai Holding'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.

Lu Hai Holding Debt-to-Equity Chart

Lu Hai Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.39

0.42

0.35

Lu Hai Holding 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															0.30	0.33	0.30	0.35	0.37

Competitive Comparison of Lu Hai Holding's Debt-to-Equity

For the Auto Parts subindustry, Lu Hai Holding'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.

Lu Hai Holding's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lu Hai Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lu Hai Holding's Debt-to-Equity falls into.

Lu Hai Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lu Hai Holding'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
	=	(309.177	+	749.547)	/	3027.365
	=	0.35

Lu Hai Holding'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
	=	(353.054	+	819.439)	/	3147.446
	=	0.37

Lu Hai Holding (TPE:2115) 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.

Lu Hai Holding Debt-to-Equity Related Terms

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Lu Hai Holding (TPE:2115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lu Hai Holding Corp (TPE:2115) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64, Shing-Kong 5th Road, Tien-Chung Industrial District, Tien-Chung, Chang-Hua, TWN

Website

https://www.luhai.com.tw

Lu Hai Holding Corp operates in the auto parts industry. It is engaged in the production, processing and sale of tire valves and accessories The company serves the tire, automobile, truck and agriculture vehicles industry.

Lu Hai Holding (TPE:2115) Headlines

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