Leofoo Development Co (TPE:2705) Debt-to-Equity : 1.85 (As of Mar. 2024)

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What is Leofoo Development Co Debt-to-Equity?

Leofoo Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$643 Mil. Leofoo Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$8,274 Mil. Leofoo Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$4,824 Mil. Leofoo Development Co's debt to equity for the quarter that ended in Mar. 2024 was 1.85.

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

TPE:2705' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 1.76 Max: 8.04
Current: 1.85

During the past 13 years, the highest Debt-to-Equity Ratio of Leofoo Development Co was 8.04. The lowest was 0.61. And the median was 1.76.

TPE:2705's Debt-to-Equity is ranked worse than
82.68% of 693 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs TPE:2705: 1.85

Leofoo Development Co Debt-to-Equity Historical Data

The historical data trend for Leofoo Development 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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Leofoo Development Co Debt-to-Equity Chart

Leofoo Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.88

4.48

1.72

1.82

1.84

Leofoo Development 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															1.85	1.88	1.87	1.84	1.85

Competitive Comparison of Leofoo Development Co's Debt-to-Equity

For the Lodging subindustry, Leofoo Development 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.

Leofoo Development Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Leofoo Development Co's Debt-to-Equity distribution charts can be found below:

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

Leofoo Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leofoo Development 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
	=	(602.883	+	8256.523)	/	4825.685
	=	1.84

Leofoo Development 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
	=	(643.202	+	8274.346)	/	4823.791
	=	1.85

Leofoo Development Co (TPE:2705) 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.

Leofoo Development Co Debt-to-Equity Related Terms

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Leofoo Development Co (TPE:2705) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Leofoo Development Co Ltd (TPE:2705) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60, Gungtzgou, Renan Li, Hsinchu County, Guanshi Jen, TWN

Website

http://www.leofoo.com.tw

Leofoo Development Co Ltd is a Taiwan-based company that operates in the tourism and travel industry. The company's business activities include tourist hotels (Courtyard Taipei and Leofoo Resort Guanshi), restaurants, famous shops, department stores, movie theaters, land development for rent, zoo, and amusement facilities for rent, etc.

Leofoo Development Co (TPE:2705) Headlines

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