Capital Management (Tables)

12 Months Ended

Dec. 31, 2019

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Debt to Capital Ratios

The Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost. The debt to capital ratios as of December 31, 2018 and 2019 were as follows:

	As of December 31,
	2018			2019
	NT$			NT$
	(In Thousands)			(In Thousands)
Total liabilities	$	158,199,746		$	163,347,778
Less: Cash and cash equivalents		(83,661,739	)		(95,492,477	)
Net debt		74,538,007			67,855,301
Total equity		204,397,483			202,913,915
Total capital	$	278,935,490		$	270,769,216
Debt to capital ratios		26.72%			25.06%