Chieftek Precision Co (TPE:1597) Debt-to-Equity : 0.71 (As of Sep. 2024)

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What is Chieftek Precision Co Debt-to-Equity?

Chieftek Precision Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$564 Mil. Chieftek Precision Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$1,106 Mil. Chieftek Precision Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NT$2,362 Mil. Chieftek Precision Co's debt to equity for the quarter that ended in Sep. 2024 was 0.71.

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

TPE:1597' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.57 Max: 0.86
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Chieftek Precision Co was 0.86. The lowest was 0.48. And the median was 0.57.

TPE:1597's Debt-to-Equity is ranked worse than
77.25% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs TPE:1597: 0.71

Chieftek Precision Co Debt-to-Equity Historical Data

The historical data trend for Chieftek Precision 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.

Chieftek Precision Co Debt-to-Equity Chart

Chieftek Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.57

0.53

0.54

0.61

Chieftek Precision Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.61	0.60	0.60	0.71

Competitive Comparison of Chieftek Precision Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Chieftek Precision 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.

Chieftek Precision Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Chieftek Precision Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chieftek Precision 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
	=	(491.846	+	925.693)	/	2343.568
	=	0.60

Chieftek Precision Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(563.61	+	1105.884)	/	2361.828
	=	0.71

Chieftek Precision Co (TPE:1597) 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.

Chieftek Precision Co Debt-to-Equity Related Terms

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Chieftek Precision Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chieftek Precision Co Ltd (TPE:1597) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 3, Dali 1st Road, Sourthern taiwan Science Park, Xinshi District, Tainan, TWN, 741-45

Website

http://www.chieftek.com

Chieftek Precision Co Ltd engages in the manufacture and sale of the ball and roller bearings The Company engages in the research, development, manufacture and sales of miniature linear guides, miniature ball screws, miniature linear modules, electro-optics equipment and semiconductor process equipment. It involves in manufacture of miniature linear motion components. Its products include Standard 4-Row Ball Bearing Linear Guide, Wide 4-Row Ball Bearing Linear Guide, Miniature Linear Guide, ST Miniature Stroke Slide Series, and Ironless Linear Motor. Geographically, the company operates in China, Germany, Singapore, USA, Taiwan, Korea, Singapore and Others, out of which Germany derives maximum revenue.

Chieftek Precision Co Headlines

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