Jet Optoelectronics Co (ROCO:2255) Debt-to-Equity : 0.63 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Jet Optoelectronics Co Debt-to-Equity?

Jet Optoelectronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$433 Mil. Jet Optoelectronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$389 Mil. Jet Optoelectronics Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$1,314 Mil. Jet Optoelectronics Co's debt to equity for the quarter that ended in Dec. 2023 was 0.63.

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

ROCO:2255' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.6 Max: 1.35
Current: 0.63

During the past 6 years, the highest Debt-to-Equity Ratio of Jet Optoelectronics Co was 1.35. The lowest was 0.43. And the median was 0.60.

ROCO:2255's Debt-to-Equity is ranked worse than
59.69% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs ROCO:2255: 0.63

Jet Optoelectronics Co Debt-to-Equity Historical Data

The historical data trend for Jet Optoelectronics 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.

* Premium members only.

Jet Optoelectronics Co Debt-to-Equity Chart

Jet Optoelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.78

1.35

0.52

0.57

0.63

Jet Optoelectronics Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.52	1.31	0.57	0.59	0.63

Competitive Comparison of Jet Optoelectronics Co's Debt-to-Equity

For the Auto Parts subindustry, Jet Optoelectronics 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.

Jet Optoelectronics Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jet Optoelectronics Co's Debt-to-Equity distribution charts can be found below:

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

Jet Optoelectronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jet Optoelectronics 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
	=	(432.946	+	388.956)	/	1313.73
	=	0.63

Jet Optoelectronics 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
	=	(432.946	+	388.956)	/	1313.73
	=	0.63

Jet Optoelectronics Co (ROCO:2255) 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.

Jet Optoelectronics Co Debt-to-Equity Related Terms

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

Jet Optoelectronics Co (ROCO:2255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jet Optoelectronics Co Ltd (ROCO:2255) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491

Website

https://www.jet-opto.com.tw

Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

Jet Optoelectronics Co (ROCO:2255) Headlines

No Headlines