Suzhou Everbright Photonics Co (SHSE:688048) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Suzhou Everbright Photonics Co Debt-to-Equity?

Suzhou Everbright Photonics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥102.3 Mil. Suzhou Everbright Photonics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Suzhou Everbright Photonics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,085.3 Mil. Suzhou Everbright Photonics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Suzhou Everbright Photonics Co's Debt-to-Equity or its related term are showing as below:

SHSE:688048' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.32
Current: 0.03

During the past 6 years, the highest Debt-to-Equity Ratio of Suzhou Everbright Photonics Co was 0.32. The lowest was 0.00. And the median was 0.02.

SHSE:688048's Debt-to-Equity is ranked better than
86.06% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:688048: 0.03

Suzhou Everbright Photonics Co Debt-to-Equity Historical Data

The historical data trend for Suzhou Everbright Photonics 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.

Suzhou Everbright Photonics Co Debt-to-Equity Chart

Suzhou Everbright Photonics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.04

0.12

0.02

Suzhou Everbright Photonics Co Quarterly Data
	Dec18	Dec19	Mar20	Jun20	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	0.01	0.02	0.03

Competitive Comparison of Suzhou Everbright Photonics Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Suzhou Everbright Photonics 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.

Suzhou Everbright Photonics Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Suzhou Everbright Photonics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Suzhou Everbright Photonics Co's Debt-to-Equity falls into.

Suzhou Everbright Photonics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suzhou Everbright Photonics 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
	=	(71.612	+	0)	/	3104.69
	=	0.02

Suzhou Everbright Photonics 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
	=	(102.279	+	0)	/	3085.258
	=	0.03

Suzhou Everbright Photonics Co (SHSE:688048) 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.

Suzhou Everbright Photonics Co Debt-to-Equity Related Terms

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

Suzhou Everbright Photonics Co (SHSE:688048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Everbright Photonics Co Ltd (SHSE:688048) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 189 Kunlunshan Road, Suzhou High-tech Zone, No. 2 Factory-1-102, No. 2 Factory-2-203, Zone A, Industrial Square, Science and Technology City, Suzhou, CHN, 215163

Website

http://www.everbrightphotonics.com

Suzhou Everbright Photonics Co Ltd is engaged in the research and development, manufacturing and sales of core components in the laser industry such as semiconductor laser chips, devices and modules.

Suzhou Everbright Photonics Co (SHSE:688048) Headlines

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