Spindex Industries (SGX:564) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Spindex Industries Debt-to-Equity?

Spindex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$2.1 Mil. Spindex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1.8 Mil. Spindex Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$156.1 Mil. Spindex Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Spindex Industries's Debt-to-Equity or its related term are showing as below:

SGX:564' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.15
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Spindex Industries was 0.15. The lowest was 0.00. And the median was 0.03.

SGX:564's Debt-to-Equity is ranked better than
90.03% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs SGX:564: 0.03

Spindex Industries Debt-to-Equity Historical Data

The historical data trend for Spindex Industries'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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Spindex Industries Debt-to-Equity Chart

Spindex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.07

0.11

0.03

Spindex Industries Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.11	0.07	0.03	0.03

Competitive Comparison of Spindex Industries's Debt-to-Equity

For the Tools & Accessories subindustry, Spindex Industries'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.

Spindex Industries's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spindex Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spindex Industries's Debt-to-Equity falls into.

Spindex Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spindex Industries's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(2.16	+	2.583)	/	152.104
	=	0.03

Spindex Industries'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
	=	(2.086	+	1.811)	/	156.137
	=	0.02

Spindex Industries (SGX:564) 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.

Spindex Industries Debt-to-Equity Related Terms

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

Spindex Industries (SGX:564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spindex Industries Ltd (SGX:564) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Boon Lay Way, No.10-03, 8 at TradeHub 21, Singapore, SGP, 609964

Website

https://www.spindex.com.sg

Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems and Others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of revenue from USA, Europe and others and also has a presence in Singapore; ASEAN and China.

Spindex Industries (SGX:564) Headlines

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