OKE Precision Cutting Tools Co (SHSE:688308) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is OKE Precision Cutting Tools Co Debt-to-Equity?

OKE Precision Cutting Tools Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥758 Mil. OKE Precision Cutting Tools Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥78 Mil. OKE Precision Cutting Tools Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,586 Mil. OKE Precision Cutting Tools Co's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 OKE Precision Cutting Tools Co's Debt-to-Equity or its related term are showing as below:

SHSE:688308' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.32
Current: 0.32

During the past 7 years, the highest Debt-to-Equity Ratio of OKE Precision Cutting Tools Co was 0.32. The lowest was 0.01. And the median was 0.08.

SHSE:688308's Debt-to-Equity is ranked worse than
52.36% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688308: 0.32

OKE Precision Cutting Tools Co Debt-to-Equity Historical Data

The historical data trend for OKE Precision Cutting Tools 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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OKE Precision Cutting Tools Co Debt-to-Equity Chart

OKE Precision Cutting Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.02

0.01

0.04

0.26

OKE Precision Cutting Tools Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.17	0.21	0.26	0.32

Competitive Comparison of OKE Precision Cutting Tools Co's Debt-to-Equity

For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKE Precision Cutting Tools Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where OKE Precision Cutting Tools Co's Debt-to-Equity falls into.

OKE Precision Cutting Tools Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OKE Precision Cutting Tools 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
	=	(665.033	+	0)	/	2563.391
	=	0.26

OKE Precision Cutting Tools Co'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
	=	(758.06	+	78)	/	2586.006
	=	0.32

OKE Precision Cutting Tools Co (SHSE:688308) 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.

OKE Precision Cutting Tools Co Debt-to-Equity Related Terms

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OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKE Precision Cutting Tools Co Ltd (SHSE:688308) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500

Website

http://www.oke-carbide.com

OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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