Goldtek Technology Co (ROCO:6638) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Goldtek Technology Co Debt-to-Equity?

Goldtek Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$333 Mil. Goldtek Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$213 Mil. Goldtek Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$1,625 Mil. Goldtek Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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

ROCO:6638' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 0.4
Current: 0.34

During the past 11 years, the highest Debt-to-Equity Ratio of Goldtek Technology Co was 0.40. The lowest was 0.01. And the median was 0.28.

ROCO:6638's Debt-to-Equity is ranked worse than
54.4% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs ROCO:6638: 0.34

Goldtek Technology Co Debt-to-Equity Historical Data

The historical data trend for Goldtek Technology Co'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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Goldtek Technology Co Debt-to-Equity Chart

Goldtek Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.28

0.27

0.40

0.34

Goldtek Technology Co Semi-Annual Data
	Dec14	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													0.27	0.27	0.40	0.35	0.34

Competitive Comparison of Goldtek Technology Co's Debt-to-Equity

For the Communication Equipment subindustry, Goldtek Technology Co'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.

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

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

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

Goldtek Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldtek Technology Co'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
	=	(333.193	+	213.352)	/	1625.013
	=	0.34

Goldtek Technology Co'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
	=	(333.193	+	213.352)	/	1625.013
	=	0.34

Goldtek Technology Co (ROCO:6638) 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.

Goldtek Technology Co Debt-to-Equity Related Terms

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Goldtek Technology Co (ROCO:6638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goldtek Technology Co Ltd (ROCO:6638) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jian 1st Road, 16th Floor, No.166, Zhonghe District, New Taipei City, TWN, 235

Website

http://www.goldtek.com

Goldtek Technology Co Ltd is engaged in customization and contract manufacturing for information and communication technology devices for various industries. Its services include software development, PCBA board level design, and turn-key solution which includes ID/ME design, hardware/software development, quality testing, manufacturing and EMC/Safety certification tests.

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