Wave Power Technology (ROCO:6895) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Wave Power Technology Debt-to-Equity?

Wave Power Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$11.3 Mil. Wave Power Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1.6 Mil. Wave Power Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$944.9 Mil. Wave Power Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

ROCO:6895' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.27
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Wave Power Technology was 0.27. The lowest was 0.00. And the median was 0.02.

ROCO:6895's Debt-to-Equity is ranked better than
99.96% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs ROCO:6895: 0.01

Wave Power Technology Debt-to-Equity Historical Data

The historical data trend for Wave Power 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.

Wave Power Technology Debt-to-Equity Chart

Wave Power Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.28

0.27

0.02

Wave Power Technology Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.02	0.03	0.03	0.02	0.01

Competitive Comparison of Wave Power Technology's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Wave Power 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.

Wave Power Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wave Power Technology's Debt-to-Equity distribution charts can be found below:

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

Wave Power Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wave Power 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
	=	(10.234	+	0)	/	631.999
	=	0.02

Wave Power 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
	=	(11.283	+	1.554)	/	944.853
	=	0.01

Wave Power Technology (ROCO:6895) 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.

Wave Power Technology Debt-to-Equity Related Terms

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

Wave Power Technology (ROCO:6895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wave Power Technology Inc (ROCO:6895) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31, Lane 598, Zhongzheng Road, Miaoli County, Toufen City, TWN, 35151

Website

https://www.wavepower.com.tw

Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.

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