Sunny Optical Technology (Group) Co (Sunny Optical Technology (Group) Co) Debt-to-Equity

: 0.27 (As of Jun. 2023)

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Sunny Optical Technology (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $109 Mil. Sunny Optical Technology (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $718 Mil. Sunny Optical Technology (Group) Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $3,035 Mil. Sunny Optical Technology (Group) Co's debt to equity for the quarter that ended in Jun. 2023 was 0.27.

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 Sunny Optical Technology (Group) Co's Debt-to-Equity or its related term are showing as below:

SNPTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.29 Max: 0.68
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Sunny Optical Technology (Group) Co was 0.68. The lowest was 0.16. And the median was 0.29.

SNPTF's Debt-to-Equity is ranked better than
53.44% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs SNPTF: 0.26

Sunny Optical Technology (Group) Co Debt-to-Equity Historical Data

The historical data trend for Sunny Optical Technology (Group) 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.

* Premium members only.

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.43

0.37

0.30

0.26

Sunny Optical Technology (Group) Co 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																0.30	0.31	0.30	0.27	0.26

Competitive Comparison

For the Electronic Components subindustry, Sunny Optical Technology (Group) 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.

Sunny Optical Technology (Group) Co Debt-to-Equity Distribution

For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sunny Optical Technology (Group) Co's Debt-to-Equity falls into.

Sunny Optical Technology (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunny Optical Technology (Group) Co'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
	=	(892.098	+	31.26)	/	3132.434
	=	0.29

Sunny Optical Technology (Group) Co'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
	=	(108.936	+	718.44)	/	3035.406
	=	0.27

Sunny Optical Technology (Group) Co (OTCPK:SNPTF) 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.

Sunny Optical Technology (Group) Co Debt-to-Equity Related Terms

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Sunny Optical Technology (Group) Co (Sunny Optical Technology (Group) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (OTCPK:SNPTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SOTGY:USA 02382:Hong Kong SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.

Sunny Optical Technology (Group) Co (Sunny Optical Technology (Group) Co) Headlines

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