Chung-Hsin Electric & Machinery Mfg (TPE:1513) Debt-to-Equity : 0.80 (As of Mar. 2024)

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What is Chung-Hsin Electric & Machinery Mfg Debt-to-Equity?

Chung-Hsin Electric & Machinery Mfg's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,162 Mil. Chung-Hsin Electric & Machinery Mfg's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$11,566 Mil. Chung-Hsin Electric & Machinery Mfg's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$18,525 Mil. Chung-Hsin Electric & Machinery Mfg's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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 Chung-Hsin Electric & Machinery Mfg's Debt-to-Equity or its related term are showing as below:

TPE:1513' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.81 Max: 1.53
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Chung-Hsin Electric & Machinery Mfg was 1.53. The lowest was 0.25. And the median was 0.81.

TPE:1513's Debt-to-Equity is ranked worse than
81.33% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs TPE:1513: 0.80

Chung-Hsin Electric & Machinery Mfg Debt-to-Equity Historical Data

The historical data trend for Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg Debt-to-Equity Chart

Chung-Hsin Electric & Machinery Mfg Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

1.03

1.33

1.35

0.93

Chung-Hsin Electric & Machinery Mfg 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															1.05	1.07	1.14	0.93	0.80

Competitive Comparison of Chung-Hsin Electric & Machinery Mfg's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chung-Hsin Electric & Machinery Mfg's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chung-Hsin Electric & Machinery Mfg's Debt-to-Equity falls into.

Chung-Hsin Electric & Machinery Mfg Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chung-Hsin Electric & Machinery Mfg'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
	=	(2604.884	+	11981.694)	/	15754.238
	=	0.93

Chung-Hsin Electric & Machinery Mfg'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
	=	(3161.953	+	11565.831)	/	18524.969
	=	0.80

Chung-Hsin Electric & Machinery Mfg (TPE:1513) 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.

Chung-Hsin Electric & Machinery Mfg Debt-to-Equity Related Terms

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Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chung-Hsin Electric & Machinery Mfg Corp (TPE:1513) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Wen-Te Road, Lo Shan Tsun, Guishan District, Taoyuan, TWN, 33383

Website

https://www.chem.com.tw

Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.

Chung-Hsin Electric & Machinery Mfg (TPE:1513) Headlines

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