Qingdao Topscomm Communication (SHSE:603421) Debt-to-Equity : 0.24 (As of Sep. 2023)

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What is Qingdao Topscomm Communication Debt-to-Equity?

Qingdao Topscomm Communication's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥22 Mil. Qingdao Topscomm Communication's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥773 Mil. Qingdao Topscomm Communication's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥3,342 Mil. Qingdao Topscomm Communication's debt to equity for the quarter that ended in Sep. 2023 was 0.24.

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 Qingdao Topscomm Communication's Debt-to-Equity or its related term are showing as below:

SHSE:603421' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.27
Current: 0.24

During the past 12 years, the highest Debt-to-Equity Ratio of Qingdao Topscomm Communication was 0.27. The lowest was 0.02. And the median was 0.12.

SHSE:603421's Debt-to-Equity is ranked better than
55.71% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:603421: 0.24

Qingdao Topscomm Communication Debt-to-Equity Historical Data

The historical data trend for Qingdao Topscomm Communication'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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Qingdao Topscomm Communication Debt-to-Equity Chart

Qingdao Topscomm Communication Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.12

0.02

0.17

Qingdao Topscomm Communication Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.17	0.20	0.27	0.24

Competitive Comparison of Qingdao Topscomm Communication's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Qingdao Topscomm Communication's Debt-to-Equity falls into.

Qingdao Topscomm Communication Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingdao Topscomm Communication's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(135.482	+	416.152)	/	3323.802
	=	0.17

Qingdao Topscomm Communication's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(22.329	+	772.526)	/	3341.747
	=	0.24

Qingdao Topscomm Communication (SHSE:603421) 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.

Qingdao Topscomm Communication Debt-to-Equity Related Terms

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Qingdao Topscomm Communication (SHSE:603421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024

Website

http://www.topscomm.com

Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

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