Hefei Chipmore Technology Co (SHSE:688352) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Hefei Chipmore Technology Co Debt-to-Equity?

Hefei Chipmore Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥168 Mil. Hefei Chipmore Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥286 Mil. Hefei Chipmore Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,907 Mil. Hefei Chipmore Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Hefei Chipmore Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688352' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.34 Max: 0.44
Current: 0.08

During the past 5 years, the highest Debt-to-Equity Ratio of Hefei Chipmore Technology Co was 0.44. The lowest was 0.08. And the median was 0.34.

SHSE:688352's Debt-to-Equity is ranked better than
73.46% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:688352: 0.08

Hefei Chipmore Technology Co Debt-to-Equity Historical Data

The historical data trend for Hefei Chipmore Technology 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.

Hefei Chipmore Technology Co Debt-to-Equity Chart

Hefei Chipmore Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.35

0.39

0.42

0.36

0.11

Hefei Chipmore Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.32	0.13	0.12	0.11	0.08

Competitive Comparison of Hefei Chipmore Technology Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Hefei Chipmore Technology 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.

Hefei Chipmore Technology Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where Hefei Chipmore Technology Co's Debt-to-Equity falls into.

Hefei Chipmore Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hefei Chipmore Technology 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
	=	(343.574	+	309.189)	/	5830.127
	=	0.11

Hefei Chipmore Technology 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
	=	(168.489	+	285.551)	/	5906.852
	=	0.08

Hefei Chipmore Technology Co (SHSE:688352) 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.

Hefei Chipmore Technology Co Debt-to-Equity Related Terms

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Hefei Chipmore Technology Co (SHSE:688352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hefei Chipmore Technology Co Ltd (SHSE:688352) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Comprehensive Free Trade Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

https://www.chipmore.com.cn

Hefei Chipmore Technology Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It can provide customers with a full range of comprehensive integrated circuit packaging and testing services, covering display driver chips, power management chips, RF front-end chips and other products.

Executives

Wang Xiao Feng

Core technical personnel

Hefei Chipmore Technology Co (SHSE:688352) Headlines

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