MGI Tech Co (SHSE:688114) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is MGI Tech Co Debt-to-Equity?

MGI Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥146 Mil. MGI Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥250 Mil. MGI Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,300 Mil. MGI Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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 MGI Tech Co's Debt-to-Equity or its related term are showing as below:

SHSE:688114' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.78 Med: 0.04 Max: 0.8
Current: 0.05

During the past 7 years, the highest Debt-to-Equity Ratio of MGI Tech Co was 0.80. The lowest was -0.78. And the median was 0.04.

SHSE:688114's Debt-to-Equity is ranked better than
80.14% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs SHSE:688114: 0.05

MGI Tech Co Debt-to-Equity Historical Data

The historical data trend for MGI Tech 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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MGI Tech Co Debt-to-Equity Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.78

0.26

0.04

0.02

0.05

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.02	0.05	0.05	0.05	0.05

Competitive Comparison of MGI Tech Co's Debt-to-Equity

For the Medical Devices subindustry, MGI Tech 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.

MGI Tech Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MGI Tech Co's Debt-to-Equity falls into.

MGI Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MGI Tech 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
	=	(148.849	+	259.535)	/	8634.441
	=	0.05

MGI Tech 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
	=	(146.007	+	249.554)	/	8299.842
	=	0.05

MGI Tech Co (SHSE:688114) 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.

MGI Tech Co Debt-to-Equity Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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