Time Interconnect Technology (HKSE:01729) Debt-to-Equity : 2.85 (As of Sep. 2023)

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What is Time Interconnect Technology Debt-to-Equity?

Time Interconnect Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2,831 Mil. Time Interconnect Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$621 Mil. Time Interconnect Technology's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$1,213 Mil. Time Interconnect Technology's debt to equity for the quarter that ended in Sep. 2023 was 2.85.

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 Time Interconnect Technology's Debt-to-Equity or its related term are showing as below:

HKSE:01729' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 1.07 Max: 2.99
Current: 2.85

During the past 8 years, the highest Debt-to-Equity Ratio of Time Interconnect Technology was 2.99. The lowest was 0.03. And the median was 1.07.

HKSE:01729's Debt-to-Equity is ranked worse than
97.78% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:01729: 2.85

Time Interconnect Technology Debt-to-Equity Historical Data

The historical data trend for Time Interconnect Technology'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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Time Interconnect Technology Debt-to-Equity Chart

Time Interconnect Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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0.09

1.12

1.06

1.24

1.07

Time Interconnect Technology Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											1.27	1.07	1.10	2.99	2.85

Competitive Comparison of Time Interconnect Technology's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Time Interconnect Technology'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.

Time Interconnect Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Time Interconnect Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Time Interconnect Technology's Debt-to-Equity falls into.

Time Interconnect Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Time Interconnect Technology's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(798.731	+	322.267)	/	1051.174
	=	1.07

Time Interconnect Technology's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2830.671	+	620.743)	/	1212.957
	=	2.85

Time Interconnect Technology (HKSE:01729) 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.

Time Interconnect Technology Debt-to-Equity Related Terms

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

Time Interconnect Technology (HKSE:01729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Time Interconnect Technology Ltd (HKSE:01729) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

5 Science Park East Avenue, Units 213-221, 2/F, Building 5E, Hong Kong Science Park, Shatin, Hong Kong, HKG

Website

https://www.time-interconnect.com

Time Interconnect Technology Ltd is an investment holding company. The company operates in the manufacture and sales of a wide variety of copper, digital cable products, & optical fiber cable assemblies. The firm is organized into two main operating divisions Cable assembly, Digital cables, and Server. The company generates revenue from the Server segment which includes manufacturing and trading of server products. Geographically, the company derives a majority of its revenue from China and also has a presence in the United States of America; Netherlands; Singapore; Hong Kong, and Other Countries. The company serves Telecommunication and Data Communication; Healthcare and Transportation and Industrial markets.

Executives

Wang Laichun	2201 Interest of corporation controlled by you
Wang Laisheng	2201 Interest of corporation controlled by you
Li Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Li Xun Jing Mi Gong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Time Interconnect Technology (HKSE:01729) Headlines

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