Allied Industrial (ROCO:4702) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Allied Industrial Debt-to-Equity?

Allied Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$210.0 Mil. Allied Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0.0 Mil. Allied Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,235.3 Mil. Allied Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Allied Industrial's Debt-to-Equity or its related term are showing as below:

ROCO:4702' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.23 Max: 0.48
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Allied Industrial was 0.48. The lowest was 0.08. And the median was 0.23.

ROCO:4702's Debt-to-Equity is ranked better than
68.97% of 1389 companies
in the Chemicals industry
Industry Median: 0.36 vs ROCO:4702: 0.17

Allied Industrial Debt-to-Equity Historical Data

The historical data trend for Allied Industrial'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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Allied Industrial Debt-to-Equity Chart

Allied Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.36

0.28

0.22

0.17

Allied Industrial 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															0.22	0.27	0.22	0.17	0.17

Competitive Comparison of Allied Industrial's Debt-to-Equity

For the Specialty Chemicals subindustry, Allied Industrial'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.

Allied Industrial's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Allied Industrial's Debt-to-Equity distribution charts can be found below:

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

Allied Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allied Industrial'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
	=	(205	+	0)	/	1204.739
	=	0.17

Allied Industrial'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
	=	(210	+	0)	/	1235.344
	=	0.17

Allied Industrial (ROCO:4702) 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.

Allied Industrial Debt-to-Equity Related Terms

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

Allied Industrial (ROCO:4702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Allied Industrial Corp Ltd (ROCO:4702) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 76, Tun-Hwa South Road, 12th Floor, Section 2, Taipei, TWN, 10683

Website

https://www.aicgroup.com.tw

Allied Industrial Corp Ltd is a manufacturer and distributor of dispersion dyes. It mainly offers reactive dyes, acid dyes, fine chemicals, disperse dyes, auxiliary dyes, intermediates, electronic industry-related materials, and cosmetic products. It has two reportable operating segments: Segment A and B. Segment A is engaged in trades of chemical products, such as dyes, in Taiwan. Segment B is engaged in strategic investments and trades of chemical products in Asia or other areas.

Allied Industrial (ROCO:4702) Headlines

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