Transtech Optelecom Science Holdings (HKSE:09963) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Transtech Optelecom Science Holdings Debt-to-Equity?

Transtech Optelecom Science Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$37.6 Mil. Transtech Optelecom Science Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Transtech Optelecom Science Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$450.4 Mil. Transtech Optelecom Science Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Transtech Optelecom Science Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:09963' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.47
Current: 0.08

During the past 10 years, the highest Debt-to-Equity Ratio of Transtech Optelecom Science Holdings was 0.47. The lowest was 0.00. And the median was 0.10.

HKSE:09963's Debt-to-Equity is ranked better than
77.15% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs HKSE:09963: 0.08

Transtech Optelecom Science Holdings Debt-to-Equity Historical Data

The historical data trend for Transtech Optelecom Science Holdings'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.

Transtech Optelecom Science Holdings Debt-to-Equity Chart

Transtech Optelecom Science Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.04

0.12

0.11

0.08

Transtech Optelecom Science Holdings Semi-Annual Data
	Dec14	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													0.12	0.09	0.11	0.07	0.08

Competitive Comparison of Transtech Optelecom Science Holdings's Debt-to-Equity

For the Communication Equipment subindustry, Transtech Optelecom Science Holdings'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.

Transtech Optelecom Science Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Transtech Optelecom Science Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Transtech Optelecom Science Holdings's Debt-to-Equity falls into.

Transtech Optelecom Science Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Transtech Optelecom Science Holdings'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
	=	(37.564	+	0)	/	450.362
	=	0.08

Transtech Optelecom Science Holdings'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
	=	(37.564	+	0)	/	450.362
	=	0.08

Transtech Optelecom Science Holdings (HKSE:09963) 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.

Transtech Optelecom Science Holdings Debt-to-Equity Related Terms

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Transtech Optelecom Science Holdings (HKSE:09963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Transtech Optelecom Science Holdings Ltd (HKSE:09963) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

http://www.transtechoptel.com

Transtech Optelecom Science Holdings Ltd is a part of the telecommunication industry. The company has two segments namely Optical fibre cables, optical cable cores and other related products, which is located in Thailand; and Optical fibres, which is located in Hong Kong. Majority of the revenue is earned from Thailand.

Transtech Optelecom Science Holdings (HKSE:09963) Headlines

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