Forest Water Environmental Eng'g Co (TPE:8473) Debt-to-Equity : 0.87 (As of Mar. 2024)

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What is Forest Water Environmental Eng'g Co Debt-to-Equity?

Forest Water Environmental Eng'g Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,702 Mil. Forest Water Environmental Eng'g Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,607 Mil. Forest Water Environmental Eng'g Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$6,112 Mil. Forest Water Environmental Eng'g Co's debt to equity for the quarter that ended in Mar. 2024 was 0.87.

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 Forest Water Environmental Eng'g Co's Debt-to-Equity or its related term are showing as below:

TPE:8473' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.92 Max: 1.21
Current: 0.87

During the past 12 years, the highest Debt-to-Equity Ratio of Forest Water Environmental Eng'g Co was 1.21. The lowest was 0.51. And the median was 0.92.

TPE:8473's Debt-to-Equity is ranked worse than
58.82% of 221 companies
in the Waste Management industry
Industry Median: 0.73 vs TPE:8473: 0.87

Forest Water Environmental Eng'g Co Debt-to-Equity Historical Data

The historical data trend for Forest Water Environmental Eng'g 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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Forest Water Environmental Eng'g Co Debt-to-Equity Chart

Forest Water Environmental Eng'g Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.96

1.07

1.08

1.17

0.97

Forest Water Environmental Eng'g 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															1.12	1.11	1.07	0.97	0.87

Competitive Comparison of Forest Water Environmental Eng'g Co's Debt-to-Equity

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's Debt-to-Equity falls into.

Forest Water Environmental Eng'g Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forest Water Environmental Eng'g 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
	=	(3979.247	+	1643.741)	/	5786.567
	=	0.97

Forest Water Environmental Eng'g 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
	=	(3702.218	+	1607.305)	/	6112.344
	=	0.87

Forest Water Environmental Eng'g Co (TPE:8473) 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.

Forest Water Environmental Eng'g Co Debt-to-Equity Related Terms

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Forest Water Environmental Eng'g Co (TPE:8473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Forest Water Environmental Eng'g Co Ltd (TPE:8473) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.mfw.com.tw

Forest Water Environmental Eng'g Co Ltd is engaged in desalination engineering, wastewater recycling & reuse and water purification process, and sewage treatment. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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