Advanced International Multitech Co (ROCO:8938) Debt-to-Equity : 0.51 (As of Dec. 2023)

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What is Advanced International Multitech Co Debt-to-Equity?

Advanced International Multitech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$1,787 Mil. Advanced International Multitech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$1,346 Mil. Advanced International Multitech Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$6,187 Mil. Advanced International Multitech Co's debt to equity for the quarter that ended in Dec. 2023 was 0.51.

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 Advanced International Multitech Co's Debt-to-Equity or its related term are showing as below:

ROCO:8938' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.23 Max: 0.51
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Advanced International Multitech Co was 0.51. The lowest was 0.01. And the median was 0.23.

ROCO:8938's Debt-to-Equity is ranked worse than
51.52% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs ROCO:8938: 0.51

Advanced International Multitech Co Debt-to-Equity Historical Data

The historical data trend for Advanced International Multitech 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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Advanced International Multitech Co Debt-to-Equity Chart

Advanced International Multitech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.23

0.43

0.51

Advanced International Multitech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.54	0.50	0.43	0.51

Competitive Comparison of Advanced International Multitech Co's Debt-to-Equity

For the Leisure subindustry, Advanced International Multitech 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.

Advanced International Multitech Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Advanced International Multitech Co's Debt-to-Equity falls into.

Advanced International Multitech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advanced International Multitech 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
	=	(1786.889	+	1345.962)	/	6187.404
	=	0.51

Advanced International Multitech Co's Debt to Equity Ratio for the quarter 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
	=	(1786.889	+	1345.962)	/	6187.404
	=	0.51

Advanced International Multitech Co (ROCO:8938) 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.

Advanced International Multitech Co Debt-to-Equity Related Terms

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Advanced International Multitech Co (ROCO:8938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Advanced International Multitech Co Ltd (ROCO:8938) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 , Zhonglin Road, Lin Hai Industrial District, Xiaogang District, Kaohsiung City, TWN

Website

https://www.adgroup.com.tw

Advanced International Multitech Co Ltd is a Taiwan-based company. Along with its subsidiaries, the firm is engaged in the manufacturing, processing, trading, import, and export of carbon fiber prepackaged materials, and carbon fiber products, golf ball, composites, and bicycle parts. Its product portfolio includes golf club heads, graphite shafts, golf club sets, golf balls, putters, and carbon fiber components for bicycles, such as forks, frames, aviation products, and composite materials. It also manufactures carbon fiber bicycles under its own brand DIZO.

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