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Fujian Forecam Optics Co (SHSE:688010) Debt-to-Equity : 0.41 (As of Jun. 2024)


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What is Fujian Forecam Optics Co Debt-to-Equity?

Fujian Forecam Optics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥523.1 Mil. Fujian Forecam Optics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥154.3 Mil. Fujian Forecam Optics Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥1,653.0 Mil. Fujian Forecam Optics Co's debt to equity for the quarter that ended in Jun. 2024 was 0.41.

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

SHSE:688010' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.3   Max: 0.42
Current: 0.41

During the past 8 years, the highest Debt-to-Equity Ratio of Fujian Forecam Optics Co was 0.42. The lowest was 0.00. And the median was 0.30.

SHSE:688010's Debt-to-Equity is ranked better than
53.32% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.455 vs SHSE:688010: 0.41

Fujian Forecam Optics Co Debt-to-Equity Historical Data

The historical data trend for Fujian Forecam Optics 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.

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Fujian Forecam Optics Co Debt-to-Equity Chart

Fujian Forecam Optics Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.04 0.18 0.37 0.41 0.42

Fujian Forecam Optics Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.34 0.42 0.40 0.41

Competitive Comparison of Fujian Forecam Optics Co's Debt-to-Equity

For the Leisure subindustry, Fujian Forecam Optics 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.


Fujian Forecam Optics Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fujian Forecam Optics Co's Debt-to-Equity distribution charts can be found below:

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



Fujian Forecam Optics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fujian Forecam Optics Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Fujian Forecam Optics Co's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Fujian Forecam Optics Co  (SHSE:688010) 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.


Fujian Forecam Optics Co Debt-to-Equity Related Terms

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Fujian Forecam Optics Co Business Description

Traded in Other Exchanges
N/A
Address
No.158 Jiangbin East Avenue, Mawei District, Fujian, Fuzhou, CHN, 350015
Fujian Forecam Optics Co Ltd is engaged in the research and development, production, processing and sales of lenses. It offers special optical lens and photoelectric system, civil optical lens, optical components and other products.
Executives
Tang Xiu E Director
He Wu Qiang senior management
Huang Jian senior management
He Wen Qiu Director
Jiang Wei senior management
Xie Zhong Heng senior management
Huang Deng Hui senior management
Hou Yan Ping Director
Xiao Wei Jun senior management
Ni Zheng Xiong Director

Fujian Forecam Optics Co Headlines

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