Shin Kong Financial Holding Co (TPE:2888) Debt-to-Equity : 0.41 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Shin Kong Financial Holding Co Debt-to-Equity?

Shin Kong Financial Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$0 Mil. Shin Kong Financial Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$100,962 Mil. Shin Kong Financial Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$245,647 Mil. Shin Kong Financial Holding Co's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 Shin Kong Financial Holding Co's Debt-to-Equity or its related term are showing as below:

TPE:2888' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.35 Max: 0.41
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Shin Kong Financial Holding Co was 0.41. The lowest was 0.28. And the median was 0.35.

TPE:2888's Debt-to-Equity is ranked worse than
67.36% of 386 companies
in the Insurance industry
Industry Median: 0.24 vs TPE:2888: 0.41

Shin Kong Financial Holding Co Debt-to-Equity Historical Data

The historical data trend for Shin Kong Financial Holding 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.

Shin Kong Financial Holding Co Debt-to-Equity Chart

Shin Kong Financial Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.28

0.32

0.29

0.35

0.41

Shin Kong Financial Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.36	0.40	0.39	0.41

Competitive Comparison of Shin Kong Financial Holding Co's Debt-to-Equity

For the Insurance - Life subindustry, Shin Kong Financial Holding 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.

Shin Kong Financial Holding Co's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Shin Kong Financial Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shin Kong Financial Holding Co's Debt-to-Equity falls into.

Shin Kong Financial Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shin Kong Financial Holding 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
	=	(0	+	100962.292)	/	245647.325
	=	0.41

Shin Kong Financial Holding Co's Debt to Equity Ratio for the quarter 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
	=	(0	+	100962.292)	/	245647.325
	=	0.41

Shin Kong Financial Holding Co (TPE:2888) 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.

Shin Kong Financial Holding Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Shin Kong Financial Holding Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Shin Kong Financial Holding Co (TPE:2888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Shin Kong Financial Holding Co Ltd (TPE:2888) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2888B.PFD:Taiwan 2888A.PFD:Taiwan

Address

No. 66 Chung-Hsiao West Road, Section 1, 38th Floor, Taipei, TWN

Website

https://www.skfh.com.tw

Shin Kong Financial Holding Co Ltd is a Taiwanese financial services company, mainly offering insurance and banking. Its subsidiaries offer life insurance, banking, asset management, securities, property insurance agency, and venture capital. The company is engaged in other various nonfinancial operations: natural gas and telecommunication services; construction, leasing, sale, and management of high-end residential, office, and commercial properties; production of high-quality textiles; and healthcare. Its segment comprises Insurance; Banking; Securities; and Others out of which the Insurance segment derives the majority of revenue.

Shin Kong Financial Holding Co (TPE:2888) Headlines

No Headlines