Chang Wah Electronmaterials (TPE:8070) Debt-to-Equity : 0.71 (As of Mar. 2024)

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What is Chang Wah Electronmaterials Debt-to-Equity?

Chang Wah Electronmaterials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,644 Mil. Chang Wah Electronmaterials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$7,802 Mil. Chang Wah Electronmaterials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$16,186 Mil. Chang Wah Electronmaterials's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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 Chang Wah Electronmaterials's Debt-to-Equity or its related term are showing as below:

TPE:8070' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.89 Max: 1.77
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Chang Wah Electronmaterials was 1.77. The lowest was 0.20. And the median was 0.89.

TPE:8070's Debt-to-Equity is ranked worse than
77.45% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs TPE:8070: 0.71

Chang Wah Electronmaterials Debt-to-Equity Historical Data

The historical data trend for Chang Wah Electronmaterials'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.

Chang Wah Electronmaterials Debt-to-Equity Chart

Chang Wah Electronmaterials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.01

1.58

0.92

0.89

0.77

Chang Wah Electronmaterials 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															0.92	0.93	0.85	0.77	0.71

Competitive Comparison of Chang Wah Electronmaterials's Debt-to-Equity

For the Electronics & Computer Distribution subindustry, Chang Wah Electronmaterials'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.

Chang Wah Electronmaterials's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chang Wah Electronmaterials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chang Wah Electronmaterials's Debt-to-Equity falls into.

Chang Wah Electronmaterials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chang Wah Electronmaterials'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
	=	(5155.467	+	6386.979)	/	15010.981
	=	0.77

Chang Wah Electronmaterials'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
	=	(3643.874	+	7802.215)	/	16185.586
	=	0.71

Chang Wah Electronmaterials (TPE:8070) 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.

Chang Wah Electronmaterials Debt-to-Equity Related Terms

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Chang Wah Electronmaterials (TPE:8070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chang Wah Electronmaterials Inc (TPE:8070) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 16, East 7th Street, 6th Floor, Nanzi District, Kaohsiung, TWN, 811

Website

https://www.cwei.com.tw

Chang Wah Electronmaterials Inc. is a Taiwan-based company engaged in distributing materials and equipment for integrated circuit (IC) packaging. It offers products such as IC packaging materials and devices including sealant resins, conductive adhesives, non-conductive adhesives, lead frames, auto molding equipment, as well as trim and form equipment, and TFT-LCD materials, including chip on film (COF) substrates, light guide plates and optical films, as well as LED lead frames and solar power systems. Its segment includes The Corporation; CWTC and its subsidiaries and others. Geographically, it derives a majority of its revenue from Asia.

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