Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Debt-to-Equity : 0.53 (As of Mar. 2024)

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What is Universal Scientific Industrial (Shanghai) Co Debt-to-Equity?

Universal Scientific Industrial (Shanghai) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,229 Mil. Universal Scientific Industrial (Shanghai) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,891 Mil. Universal Scientific Industrial (Shanghai) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥17,219 Mil. Universal Scientific Industrial (Shanghai) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.53.

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 Universal Scientific Industrial (Shanghai) Co's Debt-to-Equity or its related term are showing as below:

SHSE:601231' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.3 Max: 0.63
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Universal Scientific Industrial (Shanghai) Co was 0.63. The lowest was 0.08. And the median was 0.30.

SHSE:601231's Debt-to-Equity is ranked worse than
69.1% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:601231: 0.53

Universal Scientific Industrial (Shanghai) Co Debt-to-Equity Historical Data

The historical data trend for Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) Co Debt-to-Equity Chart

Universal Scientific Industrial (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.23

0.40

0.60

0.55

0.50

Universal Scientific Industrial (Shanghai) Co 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															0.55	0.56	0.55	0.50	0.53

Competitive Comparison of Universal Scientific Industrial (Shanghai) Co's Debt-to-Equity

For the Electronic Components subindustry, Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Universal Scientific Industrial (Shanghai) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Universal Scientific Industrial (Shanghai) Co's Debt-to-Equity falls into.

Universal Scientific Industrial (Shanghai) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Universal Scientific Industrial (Shanghai) 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
	=	(7942.454	+	534.161)	/	16990.408
	=	0.50

Universal Scientific Industrial (Shanghai) Co'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
	=	(5228.57	+	3891.164)	/	17218.886
	=	0.53

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) 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.

Universal Scientific Industrial (Shanghai) Co Debt-to-Equity Related Terms

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Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Scientific Industrial (Shanghai) Co Ltd (SHSE:601231) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1558, Zhangdong Road, Zhangjiang Hi-Tech Park, Integrated Circuit Industrial Zone, Shanghai, CHN, 201203

Website

http://www.usish.com

Universal Scientific Industrial (Shanghai) Co Ltd provides design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices and modules for brand owners. It mainly focuses on manufacturing electronic parts including wireless communications products, flat LCD display components, and storage products. The company's sales service network exists in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico.

Executives

Shi Jin Peng	senior management
Wei Zhen Yan	Directors, senior managers
Liu Dan Yang	senior management
Chen Feng Da	senior management
Lin Da Yi	senior management
Chen Chang Yi	Directors, senior managers
You Jia Xiong	senior management
Lin Yue Ming	senior management

Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Headlines

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