Infinite Finance Co (ROCO:6958) Debt-to-Equity : 7.21 (As of Dec. 2023)

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What is Infinite Finance Co Debt-to-Equity?

Infinite Finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$57,723 Mil. Infinite Finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$9,180 Mil. Infinite Finance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$9,284 Mil. Infinite Finance Co's debt to equity for the quarter that ended in Dec. 2023 was 7.21.

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 Infinite Finance Co's Debt-to-Equity or its related term are showing as below:

ROCO:6958' s Debt-to-Equity Range Over the Past 10 Years
Min: 5.99 Med: 6.6 Max: 7.21
Current: 7.21

During the past 2 years, the highest Debt-to-Equity Ratio of Infinite Finance Co was 7.21. The lowest was 5.99. And the median was 6.60.

ROCO:6958's Debt-to-Equity is ranked worse than
92.76% of 428 companies
in the Credit Services industry
Industry Median: 1.15 vs ROCO:6958: 7.21

Infinite Finance Co Debt-to-Equity Historical Data

The historical data trend for Infinite Finance 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.

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Infinite Finance Co Debt-to-Equity Chart

Infinite Finance Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

5.99

7.21

Infinite Finance Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	N/A	5.99	6.64	7.21

Competitive Comparison of Infinite Finance Co's Debt-to-Equity

For the Credit Services subindustry, Infinite Finance 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.

Infinite Finance Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Infinite Finance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Infinite Finance Co's Debt-to-Equity falls into.

Infinite Finance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Infinite Finance 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
	=	(57722.831	+	9179.788)	/	9284.232
	=	7.21

Infinite Finance 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
	=	(57722.831	+	9179.788)	/	9284.232
	=	7.21

Infinite Finance Co (ROCO:6958) 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.

Infinite Finance Co Debt-to-Equity Related Terms

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

Infinite Finance Co (ROCO:6958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Infinite Finance Co Ltd (ROCO:6958) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.68, Songjiang Road, 7th Floor, Zhongshan District, Taipei, TWN

Website

http://www.inftfinance.com

Infinite Finance Co Ltd provides various types of vehicle loans for heavy vehicles, tour buses, vans and small passenger cars, Its operations comprise procurement loans for heavy vehicles, tour buses, vans and small passenger cars; procurement loans and leasing services for various types of construction and engineering equipment include cranes, excavators, loaders, stackers, piling machines; letter of credit for imported machinery services; green energy financing and other services.

Infinite Finance Co (ROCO:6958) Headlines

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