Action Electronics Co (TPE:3024) Debt-to-Equity

: 0.45 (As of Dec. 2023)

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Action Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$1,029 Mil. Action Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$241 Mil. Action Electronics Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$2,812 Mil. Action Electronics Co's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

TPE:3024' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.37 Max: 0.86
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Action Electronics Co was 0.86. The lowest was 0.22. And the median was 0.37.

TPE:3024's Debt-to-Equity is ranked worse than
64.04% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs TPE:3024: 0.45

Action Electronics Co Debt-to-Equity Historical Data

The historical data trend for Action Electronics 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.

Action Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.23

0.22

0.28

0.34

0.45

Action Electronics 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																0.34	0.40	0.40	0.42	0.45

Competitive Comparison

For the Consumer Electronics subindustry, Action Electronics 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.

Action Electronics Co Debt-to-Equity Distribution

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

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

Action Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Action Electronics 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
	=	(1029.399	+	241.072)	/	2811.696
	=	0.45

Action Electronics 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
	=	(1029.399	+	241.072)	/	2811.696
	=	0.45

Action Electronics Co (TPE:3024) 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.

Action Electronics Co Debt-to-Equity Related Terms

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Action Electronics Co (TPE:3024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Action Electronics Co Ltd (TPE:3024) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 423-7 Zhengguang Road, 4th Floor, Taoyuan District, Taoyuan City, TWN, 330

Website

http://www.action.com.tw

Action Electronics Co Ltd is engaged in the manufacturing and distribution of electronic products. The company's products include portable multimedia players, LCD digital TV, mobile entertainment device, mobile internet device, and solar application.

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