Dongguan Mentech Optical & Magnetic Co (SZSE:002902) Debt-to-Equity : 0.59 (As of Mar. 2024)

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What is Dongguan Mentech Optical & Magnetic Co Debt-to-Equity?

Dongguan Mentech Optical & Magnetic Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥572 Mil. Dongguan Mentech Optical & Magnetic Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥152 Mil. Dongguan Mentech Optical & Magnetic Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,223 Mil. Dongguan Mentech Optical & Magnetic Co's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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 Dongguan Mentech Optical & Magnetic Co's Debt-to-Equity or its related term are showing as below:

SZSE:002902' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.26 Max: 0.84
Current: 0.59

During the past 12 years, the highest Debt-to-Equity Ratio of Dongguan Mentech Optical & Magnetic Co was 0.84. The lowest was 0.09. And the median was 0.26.

SZSE:002902's Debt-to-Equity is ranked worse than
72.03% of 2195 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:002902: 0.59

Dongguan Mentech Optical & Magnetic Co Debt-to-Equity Historical Data

The historical data trend for Dongguan Mentech Optical & Magnetic 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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Dongguan Mentech Optical & Magnetic Co Debt-to-Equity Chart

Dongguan Mentech Optical & Magnetic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.34

0.38

0.48

0.84

Dongguan Mentech Optical & Magnetic 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															0.37	0.54	0.63	0.84	0.59

Competitive Comparison of Dongguan Mentech Optical & Magnetic Co's Debt-to-Equity

For the Electronic Components subindustry, Dongguan Mentech Optical & Magnetic 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.

Dongguan Mentech Optical & Magnetic Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Dongguan Mentech Optical & Magnetic Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dongguan Mentech Optical & Magnetic Co's Debt-to-Equity falls into.

Dongguan Mentech Optical & Magnetic Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dongguan Mentech Optical & Magnetic 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
	=	(570.677	+	121.519)	/	823.305
	=	0.84

Dongguan Mentech Optical & Magnetic 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
	=	(572.374	+	151.798)	/	1222.701
	=	0.59

Dongguan Mentech Optical & Magnetic Co (SZSE:002902) 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.

Dongguan Mentech Optical & Magnetic Co Debt-to-Equity Related Terms

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Dongguan Mentech Optical & Magnetic Co (SZSE:002902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dongguan Mentech Optical & Magnetic Co Ltd (SZSE:002902) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Middle 9th Road, Shajing Village, Miao Biangwang, Shipai Town, Guangdong Province, Dongguan, CHN, 523330

Website

http://www.mnc-tek.com

Dongguan Mentech Optical & Magnetic Co Ltd is engaged in the research and development and manufacturing of magnetic and optical components and modules. The company has three key product lines: magnetic components, optical components and modules and new energy power supply systems. Its products are widely used in the access network, backbone, metro, fibre optic switches, fibre optic transceivers, digital television, optical communication, motherboards, network switches, routers, set-top boxes and network data communication industries. The company has an operational presence across Beijing, Hong Kong, Taiwan, USA, and Korea.

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