Techtronic Industries Co (HKSE:00669) Debt-to-Equity : 0.43 (As of Jun. 2024)

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What is Techtronic Industries Co Debt-to-Equity?

Techtronic Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$8,441 Mil. Techtronic Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$12,468 Mil. Techtronic Industries Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$48,835 Mil. Techtronic Industries Co's debt to equity for the quarter that ended in Jun. 2024 was 0.43.

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

HKSE:00669' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.49 Max: 0.81
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Techtronic Industries Co was 0.81. The lowest was 0.26. And the median was 0.49.

HKSE:00669's Debt-to-Equity is ranked worse than
62.25% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:00669: 0.43

Techtronic Industries Co Debt-to-Equity Historical Data

The historical data trend for Techtronic Industries 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.

Techtronic Industries Co Debt-to-Equity Chart

Techtronic Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.44

0.81

0.74

0.49

Techtronic Industries Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.78	0.74	0.65	0.49	0.43

Competitive Comparison of Techtronic Industries Co's Debt-to-Equity

For the Tools & Accessories subindustry, Techtronic Industries 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.

Techtronic Industries Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Techtronic Industries Co's Debt-to-Equity distribution charts can be found below:

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

Techtronic Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Techtronic Industries 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
	=	(8385.179	+	13786.952)	/	44887.216
	=	0.49

Techtronic Industries Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(8440.915	+	12468.204)	/	48834.712
	=	0.43

Techtronic Industries Co (HKSE:00669) 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.

Techtronic Industries Co Debt-to-Equity Related Terms

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Techtronic Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techtronic Industries Co Ltd (HKSE:00669) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TTNDY:USA TTNDF:USA TIB1:Germany

Address

51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.ttigroup.com

Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI, and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.

Executives

Jpmorgan Chase & Co.	2502 Approved lending agent
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Pudwill Horst Julius	2101 Beneficial owner
The Bank Of New York Mellon Corporation

Techtronic Industries Co Headlines

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