OFILM Group Co (SZSE:002456) Debt-to-Equity : 2.12 (As of Mar. 2024)

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What is OFILM Group Co Debt-to-Equity?

OFILM Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,141 Mil. OFILM Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,149 Mil. OFILM Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,433 Mil. OFILM Group Co's debt to equity for the quarter that ended in Mar. 2024 was 2.12.

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

SZSE:002456' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.34 Max: 2.8
Current: 2.12

During the past 13 years, the highest Debt-to-Equity Ratio of OFILM Group Co was 2.80. The lowest was 0.60. And the median was 1.34.

SZSE:002456's Debt-to-Equity is ranked worse than
96.39% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002456: 2.12

OFILM Group Co Debt-to-Equity Historical Data

The historical data trend for OFILM Group 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.

OFILM Group Co Debt-to-Equity Chart

OFILM Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.50

1.92

1.03

2.49

2.09

OFILM Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.80	2.65	2.42	2.09	2.12

Competitive Comparison of OFILM Group Co's Debt-to-Equity

For the Electronic Components subindustry, OFILM Group 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.

OFILM Group Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, OFILM Group Co's Debt-to-Equity distribution charts can be found below:

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

OFILM Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OFILM Group 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
	=	(5787.318	+	1337.406)	/	3403.989
	=	2.09

OFILM Group 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
	=	(6140.615	+	1148.847)	/	3433.04
	=	2.12

OFILM Group Co (SZSE:002456) 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.

OFILM Group Co Debt-to-Equity Related Terms

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OFILM Group Co (SZSE:002456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OFILM Group Co Ltd (SZSE:002456) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huafa Road, Songbai Road, Gongming Street, Oufeiguang Science and Technology Park, Guangming New District, Guangdong, Baoan District, Shenzhen, CHN, 518107

Website

http://www.ofilm.com

OFILM Group Co Ltd manufactures precision optics and optoelectronics films. The company's products include a touch panel module, a fingerprint recognition module, and electronic products of the intelligent vehicle among others. Its products are used in the smartphone, tablet PC, smart car, and wearable electronics. The firm has branches in China, the United States, Japan, South Korea, and Europe.

Executives

Li Yun	Supervisors
Liu Xiao Chen	Directors, executives
Li Ying Ping	Executives
Ye Qing Biao	Executives
Hai Jiang	Directors, executives
Huang Li Hui	Directors, executives
Luo Yong Hui	Supervisors
Yin Yun Yun	Executives
Zhou Liang	Directors, executives
Tan Zhen Lin	Executives
Yao Fei	Executives
Ceng Zhao Hao	Executives
Cai Xue Peng	Directors, executives
Lin Hong Ping	Supervisors
Shen Cheng Zhe	Executives

OFILM Group Co (SZSE:002456) Headlines

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