Guangdong Transtek Medical Electronics Co (SZSE:300562) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Guangdong Transtek Medical Electronics Co Debt-to-Equity?

Guangdong Transtek Medical Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥131.1 Mil. Guangdong Transtek Medical Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.2 Mil. Guangdong Transtek Medical Electronics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,046.3 Mil. Guangdong Transtek Medical Electronics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 Guangdong Transtek Medical Electronics Co's Debt-to-Equity or its related term are showing as below:

SZSE:300562' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.19
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Guangdong Transtek Medical Electronics Co was 0.19. The lowest was 0.01. And the median was 0.06.

SZSE:300562's Debt-to-Equity is ranked better than
62.8% of 699 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs SZSE:300562: 0.13

Guangdong Transtek Medical Electronics Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Transtek Medical Electronics 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.

Guangdong Transtek Medical Electronics Co Debt-to-Equity Chart

Guangdong Transtek Medical Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.10

0.04

0.14

0.13

Guangdong Transtek Medical Electronics 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															0.14	0.14	0.19	0.13	0.13

Competitive Comparison of Guangdong Transtek Medical Electronics Co's Debt-to-Equity

For the Medical Devices subindustry, Guangdong Transtek Medical Electronics 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.

Guangdong Transtek Medical Electronics Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Guangdong Transtek Medical Electronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Transtek Medical Electronics Co's Debt-to-Equity falls into.

Guangdong Transtek Medical Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Transtek Medical Electronics 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
	=	(128.172	+	6.804)	/	1040.604
	=	0.13

Guangdong Transtek Medical Electronics 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
	=	(131.141	+	5.232)	/	1046.264
	=	0.13

Guangdong Transtek Medical Electronics Co (SZSE:300562) 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.

Guangdong Transtek Medical Electronics Co Debt-to-Equity Related Terms

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Guangdong Transtek Medical Electronics Co (SZSE:300562) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Guangdong Transtek Medical Electronics Co Ltd (SZSE:300562) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zone A, No.105 Dongli Road, Torch Development District, Guangdong Province, Zhongshan, CHN, 528437

Website

http://www.lifesense.com

Guangdong Transtek Medical Electronics Co Ltd operates in the digital health industry. The company is specializing in the research and development, production and sales of home medical and health electronic products and the development of the intelligent and healthy cloud platform. Its products mainly include electronic health scales, fat measuring instruments, wearable watches, electronic blood pressure monitors and electronic blood glucose meters. The company also offers an intelligent health cloud platform which mainly includes music and intelligent hardware integration services for sports slimming and chronic disease management.

Executives

Pan Wei Chao	Directors, executives
Xu Lang	Directors, executives
Mai Jiong Zhang	Directors, executives
Sha Hua Hai	Directors, executives
Xu Ying Feng	Executives

Guangdong Transtek Medical Electronics Co (SZSE:300562) Headlines

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