Optics Technology Holding Co (SZSE:300489) Debt-to-Equity : 62.84 (As of Mar. 2024)

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What is Optics Technology Holding Co Debt-to-Equity?

Optics Technology Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥519 Mil. Optics Technology Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥923 Mil. Optics Technology Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥23 Mil. Optics Technology Holding Co's debt to equity for the quarter that ended in Mar. 2024 was 62.84.

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

SZSE:300489' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.32 Max: 62.84
Current: 62.84

During the past 13 years, the highest Debt-to-Equity Ratio of Optics Technology Holding Co was 62.84. The lowest was 0.07. And the median was 0.32.

SZSE:300489's Debt-to-Equity is ranked worse than
99.92% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:300489: 62.84

Optics Technology Holding Co Debt-to-Equity Historical Data

The historical data trend for Optics Technology Holding 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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Optics Technology Holding Co Debt-to-Equity Chart

Optics Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

1.79

2.33

4.69

21.92

Optics Technology Holding 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															5.19	6.01	7.18	21.92	62.84

Competitive Comparison of Optics Technology Holding Co's Debt-to-Equity

For the Aluminum subindustry, Optics Technology Holding 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.

Optics Technology Holding Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Optics Technology Holding Co's Debt-to-Equity distribution charts can be found below:

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

Optics Technology Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Optics Technology Holding 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
	=	(563.019	+	851.092)	/	64.504
	=	21.92

Optics Technology Holding 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
	=	(518.669	+	922.618)	/	22.937
	=	62.84

Optics Technology Holding Co (SZSE:300489) 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.

Optics Technology Holding Co Debt-to-Equity Related Terms

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

Optics Technology Holding Co (SZSE:300489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Optics Technology Holding Co Ltd (SZSE:300489) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060

Website

http://www.zfgf.cc

Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.

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