Tsky Co (ROCO:6784) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Tsky Co Debt-to-Equity?

Tsky Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$3.1 Mil. Tsky Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$9.5 Mil. Tsky Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$192.4 Mil. Tsky Co's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

ROCO:6784' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.07 Max: 0.3
Current: 0.07

During the past 7 years, the highest Debt-to-Equity Ratio of Tsky Co was 0.30. The lowest was 0.07. And the median was 0.07.

ROCO:6784's Debt-to-Equity is ranked better than
79.11% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs ROCO:6784: 0.07

Tsky Co Debt-to-Equity Historical Data

The historical data trend for Tsky 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.

Tsky Co Debt-to-Equity Chart

Tsky Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.17

0.14

0.07

Tsky Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.14	0.14	0.07	0.07	0.07

Competitive Comparison of Tsky Co's Debt-to-Equity

For the Consumer Electronics subindustry, Tsky 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.

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

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

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

Tsky Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsky 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
	=	(3.125	+	9.501)	/	192.36
	=	0.07

Tsky 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
	=	(3.125	+	9.501)	/	192.36
	=	0.07

Tsky Co (ROCO:6784) 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.

Tsky Co Debt-to-Equity Related Terms

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

Tsky Co (ROCO:6784) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsky Co Ltd (ROCO:6784) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Floor-2, No.8, Ziqiang S. Road, Hsinchu County 302, Zhubei, TWN

Website

http://www.tsky.com.tw

Tsky Co Ltd is engaged in manufacturing of several wearable products. It offers GPS watches, GPS bands, and wearable devices used for golf, running and cycling. It also provides antenna including Wi-Fi, 3G, 4G and RF connectors among others.

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