Min Aik Technology Co (TPE:3060) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Min Aik Technology Co Debt-to-Equity?

Min Aik Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$480 Mil. Min Aik Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$144 Mil. Min Aik Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$2,516 Mil. Min Aik Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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

TPE:3060' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.23 Max: 0.27
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Min Aik Technology Co was 0.27. The lowest was 0.04. And the median was 0.23.

TPE:3060's Debt-to-Equity is ranked better than
54.71% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs TPE:3060: 0.25

Min Aik Technology Co Debt-to-Equity Historical Data

The historical data trend for Min Aik Technology 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.

Min Aik Technology Co Debt-to-Equity Chart

Min Aik Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.24

0.27

0.24

0.25

Min Aik Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.26	0.28	0.26	0.25

Competitive Comparison of Min Aik Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Min Aik Technology 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.

Min Aik Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Min Aik Technology Co's Debt-to-Equity distribution charts can be found below:

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

Min Aik Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Min Aik Technology 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
	=	(480.386	+	143.512)	/	2515.802
	=	0.25

Min Aik Technology Co's Debt to Equity Ratio for the quarter 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
	=	(480.386	+	143.512)	/	2515.802
	=	0.25

Min Aik Technology Co (TPE:3060) 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.

Min Aik Technology Co Debt-to-Equity Related Terms

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Min Aik Technology Co (TPE:3060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Min Aik Technology Co Ltd (TPE:3060) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanshou Road, 10th Floor-1, No.492-1, Section 1, Guishan District, Taoyuan, TWN

Website

https://www.minaik.com.tw

Min Aik Technology Co Ltd is a hard disk drive component manufacturer. Its product offerings comprise hard disk drive components, consumer electronic products, precision component and assembly, plastic injection, smart meter accessories and components. Its operating segments are EMS (Electronics Manufacturing Service), which is the key revenue driver, includes designing and manufacturing consumer electronics end products; Automatic Equipment Service segment includes designing and manufacturing automatic machinery for industrial use; and Commerce Service segment includes trading business. The company's geographical segments include Thailand, Singapore, China, Taiwan, the United States, and Others.

Min Aik Technology Co (TPE:3060) Headlines

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