Microtips Technology (ROCO:3285) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Microtips Technology Debt-to-Equity?

Microtips Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$8.3 Mil. Microtips Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$11.8 Mil. Microtips Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$619.7 Mil. Microtips Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

ROCO:3285' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.15 Max: 0.31
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Microtips Technology was 0.31. The lowest was 0.00. And the median was 0.15.

ROCO:3285's Debt-to-Equity is ranked better than
89.78% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs ROCO:3285: 0.03

Microtips Technology Debt-to-Equity Historical Data

The historical data trend for Microtips 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.

* Premium members only.

Microtips Technology Debt-to-Equity Chart

Microtips Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.13

0.22

0.18

0.04

Microtips Technology 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															0.18	0.15	0.09	0.04	0.03

Competitive Comparison of Microtips Technology's Debt-to-Equity

For the Electronic Components subindustry, Microtips 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.

Microtips Technology's Debt-to-Equity Distribution in the Hardware Industry

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

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

Microtips Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Microtips Technology'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
	=	(7.616	+	13.296)	/	599.73
	=	0.03

Microtips Technology'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
	=	(8.291	+	11.839)	/	619.655
	=	0.03

Microtips Technology (ROCO:3285) 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.

Microtips Technology Debt-to-Equity Related Terms

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Microtips Technology (ROCO:3285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microtips Technology Inc (ROCO:3285) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12F., No.31, Lane 169, Kangning Street, Xizhi District, New Taipei City, TWN

Website

http://www.microtips.com.tw

Microtips Technology Inc is engaged in the manufacture and sales of electronic components, electrical appliances, and telecommunications equipment. Its products include liquid crystal display modules (LCMs), fingerprint identification modules, digital audio, and video multimedia products, portable digital cameras, wireless charging products, and others.

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