Ruentex Industries (TPE:2915) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Ruentex Industries Debt-to-Equity?

Ruentex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,521 Mil. Ruentex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$5,786 Mil. Ruentex Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$103,140 Mil. Ruentex Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Ruentex Industries's Debt-to-Equity or its related term are showing as below:

TPE:2915' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.53 Max: 8.99
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Ruentex Industries was 8.99. The lowest was 0.07. And the median was 0.53.

TPE:2915's Debt-to-Equity is ranked better than
85.18% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TPE:2915: 0.07

Ruentex Industries Debt-to-Equity Historical Data

The historical data trend for Ruentex Industries'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.

Ruentex Industries Debt-to-Equity Chart

Ruentex Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.28

0.29

0.21

0.16

Ruentex Industries 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															0.19	0.18	0.21	0.16	0.07

Competitive Comparison of Ruentex Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Ruentex Industries'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.

Ruentex Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ruentex Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ruentex Industries's Debt-to-Equity falls into.

Ruentex Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ruentex Industries'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
	=	(1349.163	+	13845.489)	/	96053.361
	=	0.16

Ruentex Industries'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
	=	(1521.395	+	5786.216)	/	103140.347
	=	0.07

Ruentex Industries (TPE:2915) 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.

Ruentex Industries Debt-to-Equity Related Terms

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

Ruentex Industries (TPE:2915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ruentex Industries Ltd (TPE:2915) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.308, Section 2, Bade Road, 13th Floor, Taipei, TWN

Website

https://www.ruentex.com.tw

Ruentex Industries Ltd is a textile business based in Taiwan. The company generates the majority of its revenue domestically, and a small portion from the rest of Asia, through five segments. The investment segment invests in, constructs, and leases commercial buildings and government-funded residential housing units. The hypermarket segment derives the majority of revenue from imports and exports of textiles. The textile department engages in the yarning of cotton, wool, chemical fibers, and synthetic fibers. The retailing segment retails men's and women's clothing, underwear, and bags under several brand names such as Nautica and Jeep. The smallest segment, construction, manufactures, processes, and markets construction materials.

Ruentex Industries (TPE:2915) Headlines

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