Lagis Enterprise Co (ROCO:6730) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is Lagis Enterprise Co Debt-to-Equity?

Lagis Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$22.7 Mil. Lagis Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$155.0 Mil. Lagis Enterprise Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$540.8 Mil. Lagis Enterprise Co's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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

ROCO:6730' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.33
Current: 0.33

During the past 8 years, the highest Debt-to-Equity Ratio of Lagis Enterprise Co was 0.33. The lowest was 0.01. And the median was 0.04.

ROCO:6730's Debt-to-Equity is ranked worse than
59.66% of 699 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs ROCO:6730: 0.33

Lagis Enterprise Co Debt-to-Equity Historical Data

The historical data trend for Lagis Enterprise 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.

Lagis Enterprise Co Debt-to-Equity Chart

Lagis Enterprise Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.02

0.33

Lagis Enterprise Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.02	0.02	0.02	0.07	0.33

Competitive Comparison of Lagis Enterprise Co's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Lagis Enterprise 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.

Lagis Enterprise Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

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

Lagis Enterprise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lagis Enterprise 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
	=	(22.659	+	155.001)	/	540.768
	=	0.33

Lagis Enterprise 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
	=	(22.659	+	155.001)	/	540.768
	=	0.33

Lagis Enterprise Co (ROCO:6730) 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.

Lagis Enterprise Co Debt-to-Equity Related Terms

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Lagis Enterprise Co (ROCO:6730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lagis Enterprise Co Ltd (ROCO:6730) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No.29, Gong 1st Road, Dajia District, Taichung, TWN, 43767

Website

https://www.lagis.com.tw

Lagis Enterprise Co Ltd is a medical device development company that designs, patents, and markets medical devices for the laparoscopic and endoscopic surgical markets. Its product portfolio includes Access, Endo Devices, Specimen Retrieval products, Suction Irrigation systems, Training systems, and accessories.

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