Sitronix Technology (TPE:8016) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Sitronix Technology Debt-to-Equity?

Sitronix Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$49 Mil. Sitronix Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$108 Mil. Sitronix Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$10,133 Mil. Sitronix Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

TPE:8016' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.24
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Sitronix Technology was 0.24. The lowest was 0.00. And the median was 0.04.

TPE:8016's Debt-to-Equity is ranked better than
90.97% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs TPE:8016: 0.02

Sitronix Technology Debt-to-Equity Historical Data

The historical data trend for Sitronix Technology'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.

Sitronix Technology Debt-to-Equity Chart

Sitronix Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.10

0.06

0.05

0.02

0.01

Sitronix Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.02	0.02	0.02	0.02

Competitive Comparison of Sitronix Technology's Debt-to-Equity

For the Semiconductors subindustry, Sitronix Technology'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.

Sitronix Technology's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sitronix Technology's Debt-to-Equity distribution charts can be found below:

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

Sitronix Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sitronix Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(63.42	+	87.613)	/	11422.953
	=	0.01

Sitronix Technology'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
	=	(48.549	+	107.527)	/	10133.215
	=	0.02

Sitronix Technology (TPE:8016) 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.

Sitronix Technology Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sitronix Technology's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sitronix Technology (TPE:8016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sitronix Technology Corp (TPE:8016) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302

Website

https://www.sitronix.com.tw

Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

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