Zig Sheng Industrial Co (TPE:1455) Debt-to-Equity : 0.54 (As of Mar. 2024)

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What is Zig Sheng Industrial Co Debt-to-Equity?

Zig Sheng Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,479 Mil. Zig Sheng Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$986 Mil. Zig Sheng Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$6,377 Mil. Zig Sheng Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 0.54.

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

TPE:1455' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.31 Max: 0.56
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Zig Sheng Industrial Co was 0.56. The lowest was 0.18. And the median was 0.31.

TPE:1455's Debt-to-Equity is ranked worse than
55.56% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TPE:1455: 0.54

Zig Sheng Industrial Co Debt-to-Equity Historical Data

The historical data trend for Zig Sheng Industrial 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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Zig Sheng Industrial Co Debt-to-Equity Chart

Zig Sheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.21

0.28

0.27

0.47

Zig Sheng Industrial Co 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															0.33	0.39	0.41	0.47	0.54

Competitive Comparison of Zig Sheng Industrial Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Zig Sheng Industrial 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.

Zig Sheng Industrial Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Zig Sheng Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zig Sheng Industrial 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
	=	(1676.668	+	1300.523)	/	6306.356
	=	0.47

Zig Sheng Industrial Co'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
	=	(2479.232	+	985.652)	/	6377.196
	=	0.54

Zig Sheng Industrial Co (TPE:1455) 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.

Zig Sheng Industrial Co Debt-to-Equity Related Terms

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Zig Sheng Industrial Co (TPE:1455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zig Sheng Industrial Co Ltd (TPE:1455) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 70, Sining North Road, 2nd Floor, Datong District, Taipei, TWN

Website

http://www.zigsheng.com

Zig Sheng Industrial Co Ltd is a Taiwan-based company principally engaged in spinning, weaving, dyeing/finishing, printing, processing, and trading of various filament, artificial cotton and nylon. It offers Textured yarns, Polyester yarn Nylon filaments, and Nylon chips products. The textured yarns products include function yarns, high stretch yarns, nylon yarns, multifilament and fancy yarns, among others. Its nylon filament products include fine filament yarns, polyester pre-oriented yarns, oxford yarns and industrial yarns. The nylon chips products include spinning grade nylon chips and engineering plastic grade nylon chip.

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