Power TECH Co (SZSE:301369) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Power TECH Co Debt-to-Equity?

Power TECH Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.0 Mil. Power TECH Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Power TECH Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,465.9 Mil. Power TECH Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 7 years, the highest Debt-to-Equity Ratio of Power TECH Co was 0.35. The lowest was 0.00. And the median was 0.00.

SZSE:301369's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Power TECH Co Debt-to-Equity Historical Data

The historical data trend for Power TECH 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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Power TECH Co Debt-to-Equity Chart

Power TECH Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Power TECH Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													-	-	-	-	-

Competitive Comparison of Power TECH Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Power TECH 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.

Power TECH Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Power TECH Co's Debt-to-Equity distribution charts can be found below:

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

Power TECH Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Power TECH 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
	=	(1.052	+	0.832)	/	1461.973
	=	0.00

Power TECH 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
	=	(1.033	+	0.711)	/	1465.918
	=	0.00

Power TECH Co (SZSE:301369) 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.

Power TECH Co Debt-to-Equity Related Terms

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Power TECH Co (SZSE:301369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Power TECH Co Ltd (SZSE:301369) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Guangming Avenue,, New Light Source Industrial Base, Nanhai National High-tech Zone, Guangdong Province, Foshan City, CHN, 528226

Website

http://cn.powertechsemi.com

Power TECH Co Ltd is engaged in the research and development, production and sales of special equipment in the field of back-end packaging and testing in the semiconductor industry.

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