InnoCare Optoelectronics (TPE:6861) Debt-to-Equity : 0.13 (As of Dec. 2024)

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What is InnoCare Optoelectronics Debt-to-Equity?

InnoCare Optoelectronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$114 Mil. InnoCare Optoelectronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$60 Mil. InnoCare Optoelectronics's Total Stockholders Equity for the quarter that ended in Dec. 2024 was NT$1,383 Mil. InnoCare Optoelectronics's debt to equity for the quarter that ended in Dec. 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 InnoCare Optoelectronics's Debt-to-Equity or its related term are showing as below:

TPE:6861' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.56
Current: 0.13

During the past 7 years, the highest Debt-to-Equity Ratio of InnoCare Optoelectronics was 0.56. The lowest was 0.06. And the median was 0.14.

TPE:6861's Debt-to-Equity is ranked better than
63.81% of 688 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TPE:6861: 0.13

InnoCare Optoelectronics Debt-to-Equity Historical Data

The historical data trend for InnoCare Optoelectronics'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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InnoCare Optoelectronics Debt-to-Equity Chart

InnoCare Optoelectronics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.10

0.06

0.56

0.15

0.13

InnoCare Optoelectronics Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial														0.15	0.10	0.13	0.13	0.13

Competitive Comparison of InnoCare Optoelectronics's Debt-to-Equity

For the Medical Devices subindustry, InnoCare Optoelectronics'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.

InnoCare Optoelectronics's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where InnoCare Optoelectronics's Debt-to-Equity falls into.

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InnoCare Optoelectronics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

InnoCare Optoelectronics's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(114.452	+	59.597)	/	1383.227
	=	0.13

InnoCare Optoelectronics's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(114.452	+	59.597)	/	1383.227
	=	0.13

InnoCare Optoelectronics (TPE:6861) 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.

InnoCare Optoelectronics Debt-to-Equity Related Terms

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InnoCare Optoelectronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » InnoCare Optoelectronics Corp (TPE:6861) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Huanxi Road, Room B, No. 2, Section 2, Southern Science Park, Xincheng District, Tainan, TWN, 17571

Website

https://www.innocare-x.com

InnoCare Optoelectronics Corp designs and manufactures medical devices. The company produces scintillator x-ray TFT sensor modules, x-ray flat panel sensors, and flat panel detectors.

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