Launch Tech Co (STU:LAN) Debt-to-Equity : 0.17 (As of Jun. 2024)

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What is Launch Tech Co Debt-to-Equity?

Launch Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €23.0 Mil. Launch Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.8 Mil. Launch Tech Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €143.5 Mil. Launch Tech Co's debt to equity for the quarter that ended in Jun. 2024 was 0.17.

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

STU:LAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.53 Max: 1.24
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Launch Tech Co was 1.24. The lowest was 0.17. And the median was 0.53.

STU:LAN's Debt-to-Equity is ranked better than
74.92% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs STU:LAN: 0.17

Launch Tech Co Debt-to-Equity Historical Data

The historical data trend for Launch 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.

* Premium members only.

Launch Tech Co Debt-to-Equity Chart

Launch Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.70

0.57

0.53

0.39

Launch Tech Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.69	0.53	0.28	0.39	0.17

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

For the Auto Parts subindustry, Launch 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.

Launch Tech Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Launch Tech Co's Debt-to-Equity distribution charts can be found below:

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

Launch Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Launch 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
	=	(29.387	+	23.827)	/	137.062
	=	0.39

Launch Tech Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(23.006	+	0.823)	/	143.531
	=	0.17

Launch Tech Co (STU:LAN) 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.

Launch Tech Co Debt-to-Equity Related Terms

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

Launch Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Launch Tech Co Ltd (STU:LAN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

02488:Hong Kong LAN:Germany

Address

Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129

Website

https://www.cnlaunch.com

Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Lift segment is engaged in the research and development, production and sales of machinery products in the automotive aftermarket. The Overseas Sales segment develops and maintains European distributors and customers.

Launch Tech Co Headlines

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