Changing Information Technology (ROCO:8272) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Changing Information Technology Debt-to-Equity?

Changing Information Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$0.8 Mil. Changing Information Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$0.0 Mil. Changing Information Technology's Total Stockholders Equity for the quarter that ended in Jun. 2024 was NT$379.5 Mil. Changing Information Technology's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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

During the past 5 years, the highest Debt-to-Equity Ratio of Changing Information Technology was 0.07. The lowest was 0.00. And the median was 0.02.

ROCO:8272's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Changing Information Technology Debt-to-Equity Historical Data

The historical data trend for Changing Information 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.

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Changing Information Technology Debt-to-Equity Chart

Changing Information Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.07

0.04

0.02

0.01

Changing Information Technology Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.02	0.02	0.01	-

Competitive Comparison of Changing Information Technology's Debt-to-Equity

For the Software - Infrastructure subindustry, Changing Information 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.

Changing Information Technology's Debt-to-Equity Distribution in the Software Industry

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

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

Changing Information Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changing Information 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
	=	(3.271	+	0)	/	410.438
	=	0.01

Changing Information Technology's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.827	+	0)	/	379.461
	=	0.00

Changing Information Technology (ROCO:8272) 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.

Changing Information Technology Debt-to-Equity Related Terms

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Changing Information Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changing Information Technology Inc (ROCO:8272) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 48 Park Ave.2, Hsinchu Science Park, Hsinchu, TWN, 30844

Website

https://www.changingtec.com

Changing Information Technology Inc is a company focused on information security and identification authentication of users, transactions. The company's offerings include zero-trust digital authentication systems, Fintech security solutions, and digital transformation applications.

Changing Information Technology Headlines

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