World Precision Machinery (SGX:B49) Debt-to-Equity : 0.25 (As of Mar. 2024)

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What is World Precision Machinery Debt-to-Equity?

World Precision Machinery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$30.1 Mil. World Precision Machinery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$18.6 Mil. World Precision Machinery's Total Stockholders Equity for the quarter that ended in Mar. 2024 was S$193.5 Mil. World Precision Machinery's debt to equity for the quarter that ended in Mar. 2024 was 0.25.

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 World Precision Machinery's Debt-to-Equity or its related term are showing as below:

SGX:B49' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.26
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of World Precision Machinery was 0.26. The lowest was 0.00. And the median was 0.05.

SGX:B49's Debt-to-Equity is ranked better than
54.68% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SGX:B49: 0.25

World Precision Machinery Debt-to-Equity Historical Data

The historical data trend for World Precision Machinery'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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World Precision Machinery Debt-to-Equity Chart

World Precision Machinery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

0.26

World Precision Machinery Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.14	0.25	0.26	0.25

Competitive Comparison of World Precision Machinery's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, World Precision Machinery'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.

World Precision Machinery's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, World Precision Machinery's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where World Precision Machinery's Debt-to-Equity falls into.

World Precision Machinery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

World Precision Machinery'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
	=	(30.138	+	19.623)	/	195.155
	=	0.25

World Precision Machinery's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(30.074	+	18.623)	/	193.473
	=	0.25

World Precision Machinery (SGX:B49) 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.

World Precision Machinery Debt-to-Equity Related Terms

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

World Precision Machinery (SGX:B49) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » World Precision Machinery Ltd (SGX:B49) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Picheng Town, Jiangsu Province, Danyang, CHN, 212311

Website

https://www.wpmlimited.com

World Precision Machinery Ltd is engaged in the business of manufacturing conventional stamping machines and metal parts. It manufactures both standard and customized stamping machines. It company has established its sales network and service centers in large and medium-sized cities across the People's Republic of China and its products are even exported to Southeast Asia, Europe, South America, and South Africa. It comprises sales of conventional stamping machines, high-performance and high-tonnage stamping machines, and metal parts and it generates maximum revenue from the High performance and high-tonnage stamping machines.

World Precision Machinery (SGX:B49) Headlines

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