Kerry TJ Logistics Co (TPE:2608) Debt-to-Equity : 0.65 (As of Mar. 2024)

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What is Kerry TJ Logistics Co Debt-to-Equity?

Kerry TJ Logistics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$834 Mil. Kerry TJ Logistics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$7,471 Mil. Kerry TJ Logistics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$12,697 Mil. Kerry TJ Logistics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.65.

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 Kerry TJ Logistics Co's Debt-to-Equity or its related term are showing as below:

TPE:2608' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.66 Max: 0.93
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Kerry TJ Logistics Co was 0.93. The lowest was 0.00. And the median was 0.66.

TPE:2608's Debt-to-Equity is ranked worse than
55.16% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs TPE:2608: 0.65

Kerry TJ Logistics Co Debt-to-Equity Historical Data

The historical data trend for Kerry TJ Logistics 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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Kerry TJ Logistics Co Debt-to-Equity Chart

Kerry TJ Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.83

0.72

0.83

0.81

0.66

Kerry TJ Logistics 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															0.82	0.75	0.74	0.66	0.65

Competitive Comparison of Kerry TJ Logistics Co's Debt-to-Equity

For the Trucking subindustry, Kerry TJ Logistics 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.

Kerry TJ Logistics Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kerry TJ Logistics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kerry TJ Logistics Co's Debt-to-Equity falls into.

Kerry TJ Logistics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kerry TJ Logistics 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
	=	(660.145	+	7571.595)	/	12408.051
	=	0.66

Kerry TJ Logistics 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
	=	(833.511	+	7470.846)	/	12696.804
	=	0.65

Kerry TJ Logistics Co (TPE:2608) 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.

Kerry TJ Logistics Co Debt-to-Equity Related Terms

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Kerry TJ Logistics Co (TPE:2608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kerry TJ Logistics Co Ltd (TPE:2608) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsheng South Road, Section 1, 14th Floor, No. 50, Zhongzheng District, Taipei, TWN

Website

http://www.kerrytj.com

Kerry TJ Logistics Co Ltd is a transportation and logistics company. The company organizes itself into three segments: LTL, logistics, and others. The LTL business, which generates the vast majority of revenue, principally transports good by truck. The logistics segment provides truck freight, container freight, and cold storage and temperature-controlled transport. In addition, the company provides packing, warehousing, freight forwarding, and general logistics services.

Kerry TJ Logistics Co (TPE:2608) Headlines

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