Taiwan Glass Ind (TPE:1802) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Taiwan Glass Ind Debt-to-Equity?

Taiwan Glass Ind's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$14,684 Mil. Taiwan Glass Ind's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$10,410 Mil. Taiwan Glass Ind's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$49,190 Mil. Taiwan Glass Ind's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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 Taiwan Glass Ind's Debt-to-Equity or its related term are showing as below:

TPE:1802' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.61 Max: 0.99
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Taiwan Glass Ind was 0.99. The lowest was 0.44. And the median was 0.61.

TPE:1802's Debt-to-Equity is ranked worse than
61.86% of 354 companies
in the Building Materials industry
Industry Median: 0.38 vs TPE:1802: 0.51

Taiwan Glass Ind Debt-to-Equity Historical Data

The historical data trend for Taiwan Glass Ind'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.

Taiwan Glass Ind Debt-to-Equity Chart

Taiwan Glass Ind Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.73

0.65

0.47

0.53

0.52

Taiwan Glass Ind 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															0.54	0.54	0.52	0.52	0.51

Competitive Comparison of Taiwan Glass Ind's Debt-to-Equity

For the Building Materials subindustry, Taiwan Glass Ind'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.

Taiwan Glass Ind's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiwan Glass Ind's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Taiwan Glass Ind's Debt-to-Equity falls into.

Taiwan Glass Ind Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiwan Glass Ind'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
	=	(14362.238	+	10288.288)	/	47555.057
	=	0.52

Taiwan Glass Ind'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
	=	(14684.061	+	10409.914)	/	49190.307
	=	0.51

Taiwan Glass Ind (TPE:1802) 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.

Taiwan Glass Ind Debt-to-Equity Related Terms

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

Taiwan Glass Ind (TPE:1802) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiwan Glass Ind Corp (TPE:1802) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 261, Nanjing East Road, 11th Floor, Section 3, Taiwan Glass Building, Songshan District, Taipei, TWN, 105-405

Website

http://www.taiwanglass.com

Taiwan Glass Ind Corp manufactures and sells a variety of glass products. It operates plants that create and mold glass into glass panes, fiberglass, bottles, and jars, based on specific customer needs. The firm's product categories include flat glass, fiberglass, as well as container, tableware, and kitchenware. The flat glass products are sold to the construction and automobile industries and are used for windows and mirrors. The container, tableware, and kitchenware products are sold to the food, beverage, and pharmaceutical industries.

Taiwan Glass Ind (TPE:1802) Headlines

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