Ferrotec (An Hui) Technology Development Co (SZSE:301297) Debt-to-Equity : 0.01 (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Ferrotec (An Hui) Technology Development Co Debt-to-Equity?

Ferrotec (An Hui) Technology Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥4.5 Mil. Ferrotec (An Hui) Technology Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥4.0 Mil. Ferrotec (An Hui) Technology Development Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥1,452.5 Mil. Ferrotec (An Hui) Technology Development Co's debt to equity for the quarter that ended in Jun. 2024 was 0.01.

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 Ferrotec (An Hui) Technology Development Co's Debt-to-Equity or its related term are showing as below:

SZSE:301297' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.32
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Ferrotec (An Hui) Technology Development Co was 0.32. The lowest was 0.01. And the median was 0.04.

SZSE:301297's Debt-to-Equity is ranked better than
99.89% of 880 companies
in the Semiconductors industry
Industry Median: 0.26 vs SZSE:301297: 0.01

Ferrotec (An Hui) Technology Development Co Debt-to-Equity Historical Data

The historical data trend for Ferrotec (An Hui) Technology Development 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.

Ferrotec (An Hui) Technology Development Co Debt-to-Equity Chart

Ferrotec (An Hui) Technology Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.32

0.01

0.13

0.08

0.01

Ferrotec (An Hui) Technology Development Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial											0.05	0.03	0.01	0.01	0.01

Competitive Comparison of Ferrotec (An Hui) Technology Development Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Ferrotec (An Hui) Technology Development 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.

Ferrotec (An Hui) Technology Development Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ferrotec (An Hui) Technology Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ferrotec (An Hui) Technology Development Co's Debt-to-Equity falls into.

Ferrotec (An Hui) Technology Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ferrotec (An Hui) Technology Development 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
	=	(3.416	+	3.324)	/	1428.755
	=	0.00

Ferrotec (An Hui) Technology Development Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(4.46	+	3.999)	/	1452.545
	=	0.01

Ferrotec (An Hui) Technology Development Co (SZSE:301297) 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.

Ferrotec (An Hui) Technology Development Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ferrotec (An Hui) Technology Development Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ferrotec (An Hui) Technology Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ferrotec (An Hui) Technology Development Co Ltd (SZSE:301297) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 18, Nanhai Road, Jinqiao Economic Development Zone, Shun'an Town, Yi'an District, Anhui Province, Tongling, CHN, 244151

Website

http://www.ftvas.com

Ferrotec (An Hui) Technology Development Co Ltd is a precision cleaning service provider for equipment in the field of semiconductors, focusing on providing one-stop equipment precision cleaning for manufacturers in the two major fields of semiconductors and display panels services, providing integrated cleaning and regeneration solutions for customers' production equipment pollution control.

Ferrotec (An Hui) Technology Development Co Headlines

No Headlines