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Shinkong Insurance Co (TPE:2850) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Shinkong Insurance Co Debt-to-Equity?

Shinkong Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0 Mil. Shinkong Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$23 Mil. Shinkong Insurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$18,447 Mil. Shinkong Insurance Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

TPE:2850's Debt-to-Equity is not ranked *
in the Insurance industry.
Industry Median: 0.235
* Ranked among companies with meaningful Debt-to-Equity only.

Shinkong Insurance Co Debt-to-Equity Historical Data

The historical data trend for Shinkong Insurance 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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Shinkong Insurance Co Debt-to-Equity Chart

Shinkong Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Shinkong Insurance Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Shinkong Insurance Co's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Shinkong Insurance 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.


Shinkong Insurance Co's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Shinkong Insurance Co's Debt-to-Equity distribution charts can be found below:

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



Shinkong Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinkong Insurance Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Shinkong Insurance Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Shinkong Insurance Co  (TPE:2850) 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.


Shinkong Insurance Co Debt-to-Equity Related Terms

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


Shinkong Insurance Co (TPE:2850) Business Description

Traded in Other Exchanges
N/A
Address
Jianguo North Road, 11th Floor, No. 15, Section 2, Taipei, TWN, 104
Shinkong Insurance Co Ltd is one of the leading property and casualty insurance company. Its product portfolio comprises accident and health insurance, liability insurance, engineering insurance, marine insurance, fire insurance, and motor insurance.

Shinkong Insurance Co (TPE:2850) Headlines

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