New Advanced Electronics Technologies Co (ROCO:3465) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is New Advanced Electronics Technologies Co Debt-to-Equity?

New Advanced Electronics Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$189 Mil. New Advanced Electronics Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$381 Mil. New Advanced Electronics Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$828 Mil. New Advanced Electronics Technologies Co's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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 New Advanced Electronics Technologies Co's Debt-to-Equity or its related term are showing as below:

ROCO:3465' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.65 Max: 2.39
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of New Advanced Electronics Technologies Co was 2.39. The lowest was 0.00. And the median was 0.65.

ROCO:3465's Debt-to-Equity is ranked worse than
76.82% of 2200 companies
in the Hardware industry
Industry Median: 0.28 vs ROCO:3465: 0.69

New Advanced Electronics Technologies Co Debt-to-Equity Historical Data

The historical data trend for New Advanced Electronics Technologies 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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New Advanced Electronics Technologies Co Debt-to-Equity Chart

New Advanced Electronics Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.22

1.25

1.02

0.69

New Advanced Electronics Technologies Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.02	1.22	1.00	0.58	0.69

Competitive Comparison of New Advanced Electronics Technologies Co's Debt-to-Equity

For the Consumer Electronics subindustry, New Advanced Electronics Technologies 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.

New Advanced Electronics Technologies Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, New Advanced Electronics Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Advanced Electronics Technologies Co's Debt-to-Equity falls into.

New Advanced Electronics Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Advanced Electronics Technologies 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
	=	(188.572	+	380.807)	/	828.218
	=	0.69

New Advanced Electronics Technologies Co'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
	=	(188.572	+	380.807)	/	828.218
	=	0.69

New Advanced Electronics Technologies Co (ROCO:3465) 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.

New Advanced Electronics Technologies Co Debt-to-Equity Related Terms

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New Advanced Electronics Technologies Co (ROCO:3465) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » New Advanced Electronics Technologies Co Ltd (ROCO:3465) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251, Minquan First Road, Room 1, 19th Floor, Xinxing District, Kaohsiung, TWN, 800

Website

https://www.naeaudio.com

New Advanced Electronics Technologies Co Ltd is engaged in the research, development, manufacture, and sales of various portable power supplies and related power supply products as well as operating the distribution business. Geographically, it derives a majority of its revenue from Taiwan. It generates maximum revenue from the Sales of speakers.

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