Cirtek Holdings Philippines (PHS:TCB2C.PFD) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is Cirtek Holdings Philippines Debt-to-Equity?

Cirtek Holdings Philippines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱1,095.62 Mil. Cirtek Holdings Philippines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱1,246.95 Mil. Cirtek Holdings Philippines's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱12,530.74 Mil. Cirtek Holdings Philippines's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 Cirtek Holdings Philippines's Debt-to-Equity or its related term are showing as below:

PHS:TCB2C.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.74 Max: 1.68
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Cirtek Holdings Philippines was 1.68. The lowest was 0.19. And the median was 0.74.

PHS:TCB2C.PFD's Debt-to-Equity is ranked better than
58.12% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs PHS:TCB2C.PFD: 0.19

Cirtek Holdings Philippines Debt-to-Equity Historical Data

The historical data trend for Cirtek Holdings Philippines'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.

Cirtek Holdings Philippines Debt-to-Equity Chart

Cirtek Holdings Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.90

0.87

0.43

0.28

0.20

Cirtek Holdings Philippines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.30	0.26	0.20	0.19

Competitive Comparison of Cirtek Holdings Philippines's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Cirtek Holdings Philippines'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.

Cirtek Holdings Philippines's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cirtek Holdings Philippines's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cirtek Holdings Philippines's Debt-to-Equity falls into.

Cirtek Holdings Philippines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cirtek Holdings Philippines'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
	=	(1311.587	+	1247.827)	/	12604.905
	=	0.20

Cirtek Holdings Philippines's Debt to Equity Ratio for the quarter 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
	=	(1095.624	+	1246.945)	/	12530.743
	=	0.19

Cirtek Holdings Philippines (PHS:TCB2C.PFD) 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.

Cirtek Holdings Philippines Debt-to-Equity Related Terms

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

Cirtek Holdings Philippines (PHS:TCB2C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirtek Holdings Philippines Corp (PHS:TCB2C.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCB2B.PFD:Philippines TCB2A.PFD:Philippines TECH:Philippines

Address

116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024

Website

https://www.cirtekholdings.com

Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.

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