Ushine Photonics (ROCO:3678) Debt-to-Equity : 0.50 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Ushine Photonics Debt-to-Equity?

Ushine Photonics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$57.2 Mil. Ushine Photonics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$196.1 Mil. Ushine Photonics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$503.3 Mil. Ushine Photonics's debt to equity for the quarter that ended in Dec. 2023 was 0.50.

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 Ushine Photonics's Debt-to-Equity or its related term are showing as below:

ROCO:3678' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.3 Max: 1.84
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Ushine Photonics was 1.84. The lowest was 0.48. And the median was 1.30.

ROCO:3678's Debt-to-Equity is ranked worse than
61.96% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs ROCO:3678: 0.50

Ushine Photonics Debt-to-Equity Historical Data

The historical data trend for Ushine Photonics'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.

Ushine Photonics Debt-to-Equity Chart

Ushine Photonics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.40

1.41

0.96

0.48

0.50

Ushine Photonics 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															0.96	0.76	0.48	0.46	0.50

Competitive Comparison of Ushine Photonics's Debt-to-Equity

For the Chemicals subindustry, Ushine Photonics'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.

Ushine Photonics's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ushine Photonics's Debt-to-Equity distribution charts can be found below:

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

Ushine Photonics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ushine Photonics'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
	=	(57.177	+	196.127)	/	503.321
	=	0.50

Ushine Photonics'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
	=	(57.177	+	196.127)	/	503.321
	=	0.50

Ushine Photonics (ROCO:3678) 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.

Ushine Photonics Debt-to-Equity Related Terms

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

Ushine Photonics (ROCO:3678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ushine Photonics Corp (ROCO:3678) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302

Website

http://www.ushine.com.tw

Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.

Ushine Photonics (ROCO:3678) Headlines

No Headlines