Solid Year Co (ROCO:6737) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Solid Year Co Debt-to-Equity?

Solid Year Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$169 Mil. Solid Year Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$448 Mil. Solid Year Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$1,473 Mil. Solid Year Co's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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

ROCO:6737' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.59 Max: 0.94
Current: 0.42

During the past 8 years, the highest Debt-to-Equity Ratio of Solid Year Co was 0.94. The lowest was 0.42. And the median was 0.59.

ROCO:6737's Debt-to-Equity is ranked worse than
61.93% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs ROCO:6737: 0.42

Solid Year Co Debt-to-Equity Historical Data

The historical data trend for Solid Year 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.

* Premium members only.

Solid Year Co Debt-to-Equity Chart

Solid Year Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.52

0.67

0.52

0.42

Solid Year Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.67	0.77	0.52	0.48	0.42

Competitive Comparison of Solid Year Co's Debt-to-Equity

For the Computer Hardware subindustry, Solid Year 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.

Solid Year Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Solid Year Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solid Year 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
	=	(169.104	+	448.278)	/	1473.202
	=	0.42

Solid Year 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
	=	(169.104	+	448.278)	/	1473.202
	=	0.42

Solid Year Co (ROCO:6737) 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.

Solid Year Co Debt-to-Equity Related Terms

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

Solid Year Co (ROCO:6737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Year Co Ltd (ROCO:6737) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 18th Floor, No. 97, Section 1, Xizhi District, New Taipei City, Taipei, TWN

Website

http://www.solidyear.com

Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.

Solid Year Co (ROCO:6737) Headlines

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