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Morn Sun Feed Mill Co (ROCO:1240) Debt-to-Equity : 0.30 (As of Dec. 2023)


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What is Morn Sun Feed Mill Co Debt-to-Equity?

Morn Sun Feed Mill Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$400 Mil. Morn Sun Feed Mill Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$11 Mil. Morn Sun Feed Mill Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$1,354 Mil. Morn Sun Feed Mill Co's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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 Morn Sun Feed Mill Co's Debt-to-Equity or its related term are showing as below:

ROCO:1240' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22   Med: 0.41   Max: 1.48
Current: 0.3

During the past 11 years, the highest Debt-to-Equity Ratio of Morn Sun Feed Mill Co was 1.48. The lowest was 0.22. And the median was 0.41.

ROCO:1240's Debt-to-Equity is ranked better than
58.82% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs ROCO:1240: 0.30

Morn Sun Feed Mill Co Debt-to-Equity Historical Data

The historical data trend for Morn Sun Feed Mill 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.

Morn Sun Feed Mill Co Debt-to-Equity Chart

Morn Sun Feed Mill Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.30 0.30 0.44 0.30

Morn Sun Feed Mill 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.46 0.38 0.30 0.30

Competitive Comparison of Morn Sun Feed Mill Co's Debt-to-Equity

For the Farm Products subindustry, Morn Sun Feed Mill 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.


Morn Sun Feed Mill Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morn Sun Feed Mill Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Morn Sun Feed Mill Co's Debt-to-Equity falls into.



Morn Sun Feed Mill Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Morn Sun Feed Mill Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Morn Sun Feed Mill Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Morn Sun Feed Mill Co  (ROCO:1240) 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.


Morn Sun Feed Mill Co Debt-to-Equity Related Terms

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Morn Sun Feed Mill Co (ROCO:1240) Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Heping West Road, 2nd Floor, Zhongzheng District, Taipei, TWN
Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials for poultry and animal husbandry. It also generates revenue from warehouse rental income and sales of breeding pigs.

Morn Sun Feed Mill Co (ROCO:1240) Headlines

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