Suntak Technology Co (SZSE:002815) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Suntak Technology Co Debt-to-Equity?

Suntak Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥539 Mil. Suntak Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,821 Mil. Suntak Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,201 Mil. Suntak Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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

SZSE:002815' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.33 Max: 0.53
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Suntak Technology Co was 0.53. The lowest was 0.07. And the median was 0.33.

SZSE:002815's Debt-to-Equity is ranked worse than
53.71% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002815: 0.33

Suntak Technology Co Debt-to-Equity Historical Data

The historical data trend for Suntak 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.

Suntak Technology Co Debt-to-Equity Chart

Suntak Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.36

0.34

0.30

Suntak Technology 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															0.25	0.27	0.27	0.30	0.33

Competitive Comparison of Suntak Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Suntak 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.

Suntak Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Suntak Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suntak 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
	=	(306.244	+	1815.121)	/	7082.04
	=	0.30

Suntak 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
	=	(538.648	+	1821.164)	/	7200.719
	=	0.33

Suntak Technology Co (SZSE:002815) 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.

Suntak Technology Co Debt-to-Equity Related Terms

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Suntak Technology Co (SZSE:002815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suntak Technology Co Ltd (SZSE:002815) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3009 Guangming Street, China Merchants Bureau, Unit 207, Building A, Building A3, Guangming Science and Technology Park, Guangming New District, Guangdong Province, Shenzhen, CHN, 518132

Website

http://www.suntakpcb.com

Suntak Technology Co Ltd is a printed circuit board service company. The company offers various products and services such as 4-layer rigid-flexible board, golden fingerboard, copper paste filling board, double-sided flex board, 32 layers multiplayer board, large panel lamination, multilayer rigid, 4 steps HDI board and others. These products are used in communication, industrial control, power electronics, medical instrument, security electronics, aerospace and other industries. Geographically the group operates through China.

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