CMC Magnetics (TPE:2323) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is CMC Magnetics Debt-to-Equity?

CMC Magnetics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$1,569 Mil. CMC Magnetics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$3,203 Mil. CMC Magnetics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$18,480 Mil. CMC Magnetics's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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 CMC Magnetics's Debt-to-Equity or its related term are showing as below:

TPE:2323' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.24 Max: 0.3
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of CMC Magnetics was 0.30. The lowest was 0.11. And the median was 0.24.

TPE:2323's Debt-to-Equity is ranked better than
53.48% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs TPE:2323: 0.26

CMC Magnetics Debt-to-Equity Historical Data

The historical data trend for CMC Magnetics'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.

CMC Magnetics Debt-to-Equity Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.15

0.19

0.30

0.26

CMC Magnetics 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															0.30	0.28	0.25	0.24	0.26

Competitive Comparison of CMC Magnetics's Debt-to-Equity

For the Computer Hardware subindustry, CMC Magnetics'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.

CMC Magnetics's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CMC Magnetics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CMC Magnetics's Debt-to-Equity falls into.

CMC Magnetics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMC Magnetics'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
	=	(1568.905	+	3202.741)	/	18479.903
	=	0.26

CMC Magnetics'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
	=	(1568.905	+	3202.741)	/	18479.903
	=	0.26

CMC Magnetics (TPE:2323) 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.

CMC Magnetics Debt-to-Equity Related Terms

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

CMC Magnetics (TPE:2323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMC Magnetics Corp (TPE:2323) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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