Tongxin International (Tongxin International) Debt-to-Equity : 0.29 (As of Dec. 2010)

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What is Tongxin International Debt-to-Equity?

Tongxin International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2010 was $26.65 Mil. Tongxin International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2010 was $0.16 Mil. Tongxin International's Total Stockholders Equity for the quarter that ended in Dec. 2010 was $92.11 Mil. Tongxin International's debt to equity for the quarter that ended in Dec. 2010 was 0.29.

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 Tongxin International's Debt-to-Equity or its related term are showing as below:

TXIC's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

Tongxin International Debt-to-Equity Historical Data

The historical data trend for Tongxin International'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.

Tongxin International Debt-to-Equity Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

Debt-to-Equity

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2.41

0.37

0.35

0.29

1.26

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
Debt-to-Equity	Get a 7-Day Free Trial			2.41	0.37	0.35	0.29	1.26

Competitive Comparison of Tongxin International's Debt-to-Equity

For the Auto Parts subindustry, Tongxin International'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.

Tongxin International's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tongxin International's Debt-to-Equity distribution charts can be found below:

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

Tongxin International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tongxin International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2010 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
	=	(26.648	+	0.163)	/	92.108
	=	0.29

Tongxin International's Debt to Equity Ratio for the quarter that ended in Dec. 2010 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
	=	(26.648	+	0.163)	/	92.108
	=	0.29

Tongxin International (OTCPK:TXIC) 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.

Tongxin International Debt-to-Equity Related Terms

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Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

Tongxin International (Tongxin International) Headlines

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