GCL Technology Holdings (GCL Technology Holdings) Debt-to-Equity : 0.38 (As of Jun. 2023)

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What is GCL Technology Holdings Debt-to-Equity?

GCL Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,401 Mil. GCL Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,070 Mil. GCL Technology Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $6,498 Mil. GCL Technology Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.38.

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

GCPEF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 2.5 Max: 2.98
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of GCL Technology Holdings was 2.98. The lowest was 0.29. And the median was 2.50.

GCPEF's Debt-to-Equity is ranked worse than
59.23% of 883 companies
in the Semiconductors industry
Industry Median: 0.26 vs GCPEF: 0.36

GCL Technology Holdings Debt-to-Equity Historical Data

The historical data trend for GCL Technology 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.

GCL Technology Holdings Debt-to-Equity Chart

GCL Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.49

2.56

0.43

0.31

0.36

GCL Technology Holdings 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															0.43	0.29	0.31	0.38	0.36

Competitive Comparison of GCL Technology Holdings's Debt-to-Equity

For the Solar subindustry, GCL Technology 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.

GCL Technology Holdings's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GCL Technology Holdings's Debt-to-Equity distribution charts can be found below:

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

GCL Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GCL Technology Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1366.132	+	552.616)	/	6122.219
	=	0.31

GCL Technology Holdings's Debt to Equity Ratio for the quarter 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
	=	(1400.713	+	1070.384)	/	6497.895
	=	0.38

GCL Technology Holdings (OTCPK:GCPEF) 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.

GCL Technology Holdings Debt-to-Equity Related Terms

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

GCL Technology Holdings (GCL Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL Technology Holdings Ltd (OTCPK:GCPEF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

03800:Hong Kong 3GY:Germany

Address

1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.gcltech.com

GCL Technology Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development, investment, management and operation of solar projects. The company operates in two reportable segments Solar material business which mainly manufactures and sales of polysilicon and wafer to companies operating in the solar industry, and the Solar farm business which manages and operates solar farms located in the USA and the PRC. The majority of revenue is derived from the Solar material business segment.

GCL Technology Holdings (GCL Technology Holdings) Headlines

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