Meiko Electronics Co (FRA:MEC) Debt-to-Equity : 0.93 (As of Sep. 2024)

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What is Meiko Electronics Co Debt-to-Equity?

Meiko Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €464 Mil. Meiko Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €102 Mil. Meiko Electronics Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €611 Mil. Meiko Electronics Co's debt to equity for the quarter that ended in Sep. 2024 was 0.93.

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

FRA:MEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.69 Max: 2.31
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Meiko Electronics Co was 2.31. The lowest was 0.81. And the median was 1.69.

FRA:MEC's Debt-to-Equity is ranked worse than
84.05% of 2182 companies
in the Hardware industry
Industry Median: 0.29 vs FRA:MEC: 0.93

Meiko Electronics Co Debt-to-Equity Historical Data

The historical data trend for Meiko 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.

Meiko Electronics Co Debt-to-Equity Chart

Meiko Electronics Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.08

1.69

1.15

0.98

0.81

Meiko Electronics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.91	0.99	0.81	N/A	0.93

Competitive Comparison of Meiko Electronics Co's Debt-to-Equity

For the Electronic Components subindustry, Meiko 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.

Meiko Electronics Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Meiko Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meiko Electronics Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(257.003	+	229.738)	/	602.918
	=	0.81

Meiko Electronics Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(463.761	+	101.789)	/	610.659
	=	0.93

Meiko Electronics Co (FRA:MEC) 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.

Meiko Electronics Co Debt-to-Equity Related Terms

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Meiko Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meiko Electronics Co Ltd (FRA:MEC) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

6787:Japan

Address

5-14-15, Ogami, Kanagawa Prefecture, Ayase, JPN, 252-1104

Website

http://www.meiko-elec.com

Meiko Electronics Co Ltd is a Japan-based company. The company is engaged in manufacturing of anyLayer high density interconnect, high heat dissipation printed circuit boards (PCBs) and high electric current PCBs, solder stencils, electronic manufacturing services, industrial equipment, and imaging equipment. The company operates in one business segment that is Printed Circuit Boards. Geographically the company exports its products to Asia, North America, Europe, and Other regions.