Hotai Motor Co (TPE:2207) Debt-to-Equity : 4.65 (As of Dec. 2023)

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What is Hotai Motor Co Debt-to-Equity?

Hotai Motor Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$285,437 Mil. Hotai Motor Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$22,179 Mil. Hotai Motor Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$66,226 Mil. Hotai Motor Co's debt to equity for the quarter that ended in Dec. 2023 was 4.64.

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

TPE:2207' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.13 Med: 2.29 Max: 6.2
Current: 4.65

During the past 13 years, the highest Debt-to-Equity Ratio of Hotai Motor Co was 6.20. The lowest was 2.13. And the median was 2.29.

TPE:2207's Debt-to-Equity is ranked worse than
98.29% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TPE:2207: 4.65

Hotai Motor Co Debt-to-Equity Historical Data

The historical data trend for Hotai Motor 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.

* Premium members only.

Hotai Motor Co Debt-to-Equity Chart

Hotai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.18

2.28

2.60

6.20

4.65

Hotai Motor Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															6.20	5.91	5.25	4.73	4.65

Competitive Comparison of Hotai Motor Co's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Hotai Motor 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.

Hotai Motor Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hotai Motor Co's Debt-to-Equity distribution charts can be found below:

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

Hotai Motor Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hotai Motor 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
	=	(285437.096	+	22178.941)	/	66226.484
	=	4.64

Hotai Motor 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
	=	(285437.096	+	22178.941)	/	66226.484
	=	4.64

Hotai Motor Co (TPE:2207) 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.

Hotai Motor Co Debt-to-Equity Related Terms

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

Hotai Motor Co (TPE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN

Website

https://www.hotaimotor.com.tw

Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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