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USpace Technology Group (USpace Technology Group) Debt-to-Equity : 3.97 (As of Dec. 2023)


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What is USpace Technology Group Debt-to-Equity?

USpace Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $71.22 Mil. USpace Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.63 Mil. USpace Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24.42 Mil. USpace Technology Group's debt to equity for the quarter that ended in Dec. 2023 was 3.97.

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 USpace Technology Group's Debt-to-Equity or its related term are showing as below:

USPCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.27   Max: 3.97
Current: 3.97

During the past 9 years, the highest Debt-to-Equity Ratio of USpace Technology Group was 3.97. The lowest was 0.06. And the median was 0.27.

USPCY's Debt-to-Equity is ranked worse than
96.51% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.415 vs USPCY: 3.97

USpace Technology Group Debt-to-Equity Historical Data

The historical data trend for USpace Technology Group'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.

USpace Technology Group Debt-to-Equity Chart

USpace Technology Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.12 0.13 0.62 2.41 3.97

USpace Technology Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 1.75 2.41 4.42 3.97

Competitive Comparison of USpace Technology Group's Debt-to-Equity

For the Aerospace & Defense subindustry, USpace Technology Group'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.

USpace Technology Group's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, USpace Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where USpace Technology Group's Debt-to-Equity falls into.


USpace Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

USpace Technology Group'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
=(71.221 + 25.632) / 24.415
=3.97

USpace Technology Group'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
=(71.221 + 25.632) / 24.415
=3.97

* 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.

USpace Technology Group  (OTCPK:USPCY) 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.

USpace Technology Group Debt-to-Equity Related Terms

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USpace Technology Group (USpace Technology Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » USpace Technology Group Ltd (OTCPK:USPCY) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:00439 HKSE:00232 RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM AXON
Traded in Other Exchanges
01725:Hong Kong
Address
No. 5 Chun Cheong Street, 15th Floor, Data Technology Center, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG
Website
https://www.hkatg.com
USpace Technology Group Ltd formerly Hong Kong Aerospace Technology Group Ltd is a commercial aerospace company. Its core business is satellite precision manufacturing, control, and aerospace data services to support regional aerospace commercialization needs. The Group has three reportable operating segments they are EMS business - Smart home devices EMS business-Banking and finance and other devices along with Aerospace business.