Shine Trend International Multimedia Tec (ROCO:6856) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Shine Trend International Multimedia Tec Debt-to-Equity?

Shine Trend International Multimedia Tec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$5.7 Mil. Shine Trend International Multimedia Tec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$4.9 Mil. Shine Trend International Multimedia Tec's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$804.2 Mil. Shine Trend International Multimedia Tec's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Shine Trend International Multimedia Tec's Debt-to-Equity or its related term are showing as below:

ROCO:6856' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Shine Trend International Multimedia Tec was 0.03. The lowest was 0.01. And the median was 0.02.

ROCO:6856's Debt-to-Equity is ranked better than
99.88% of 843 companies
in the Media - Diversified industry
Industry Median: 0.29 vs ROCO:6856: 0.01

Shine Trend International Multimedia Tec Debt-to-Equity Historical Data

The historical data trend for Shine Trend International Multimedia Tec'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.

Shine Trend International Multimedia Tec Debt-to-Equity Chart

Shine Trend International Multimedia Tec Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.01

Shine Trend International Multimedia Tec Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.02	0.02	0.02	0.01	0.01

Competitive Comparison of Shine Trend International Multimedia Tec's Debt-to-Equity

For the Entertainment subindustry, Shine Trend International Multimedia Tec'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.

Shine Trend International Multimedia Tec's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shine Trend International Multimedia Tec's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shine Trend International Multimedia Tec's Debt-to-Equity falls into.

Shine Trend International Multimedia Tec Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shine Trend International Multimedia Tec'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
	=	(4.126	+	3.289)	/	776.661
	=	0.01

Shine Trend International Multimedia Tec'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
	=	(5.749	+	4.918)	/	804.241
	=	0.01

Shine Trend International Multimedia Tec (ROCO:6856) 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.

Shine Trend International Multimedia Tec Debt-to-Equity Related Terms

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Shine Trend International Multimedia Tec (ROCO:6856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shine Trend International Multimedia Tec (ROCO:6856) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Section 1, Guoguang Road, Dali District, Taichung, TWN

Website

https://www.st-media.com.tw

Shine Trend International Multimedia Tec is involved in the entertainment business. The company is focused on the production of programs for television.

Shine Trend International Multimedia Tec (ROCO:6856) Headlines

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