Solomon Systech (International) (HKSE:02878) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Solomon Systech (International) Debt-to-Equity?

Solomon Systech (International)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$21 Mil. Solomon Systech (International)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4 Mil. Solomon Systech (International)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$992 Mil. Solomon Systech (International)'s debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Solomon Systech (International)'s Debt-to-Equity or its related term are showing as below:

HKSE:02878' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Solomon Systech (International) was 0.04. The lowest was 0.00. And the median was 0.01.

HKSE:02878's Debt-to-Equity is ranked better than
85.94% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs HKSE:02878: 0.03

Solomon Systech (International) Debt-to-Equity Historical Data

The historical data trend for Solomon Systech (International)'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.

Solomon Systech (International) Debt-to-Equity Chart

Solomon Systech (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.02

0.03

Solomon Systech (International) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.03	0.01	0.03

Competitive Comparison of Solomon Systech (International)'s Debt-to-Equity

For the Semiconductors subindustry, Solomon Systech (International)'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.

Solomon Systech (International)'s Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solomon Systech (International)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Solomon Systech (International)'s Debt-to-Equity falls into.

Solomon Systech (International) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solomon Systech (International)'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
	=	(20.633	+	4.069)	/	991.813
	=	0.02

Solomon Systech (International)'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
	=	(20.633	+	4.069)	/	991.813
	=	0.02

Solomon Systech (International) (HKSE:02878) 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.

Solomon Systech (International) Debt-to-Equity Related Terms

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Solomon Systech (International) (HKSE:02878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solomon Systech (International) Ltd (HKSE:02878) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RZF:Germany

Address

No. 3 Science Park East Avenue, 6th Floor, Unit 607–613, Wireless Centre, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.solomon-systech.com

Solomon Systech (International) Ltd, along with its subsidiaries is a semiconductor company specializing in the design, development, and sales of integrated circuit products and system solutions for various applications like smartphones, smart televisions, and other smart devices including consumer electronics products, wearables, portable devices, and industrial appliances. Geographically, the company's business is spread across Taiwan, China, Europe, Japan, Korea, South East Asia, the United States of America, and other regions. Hong Kong generates maximum revenue for the company.

Executives

Huada Semiconductor Co., Ltd	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Dian Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yeh Tsuei Chi	2101 Beneficial owner

Solomon Systech (International) (HKSE:02878) Headlines

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