Tianma Micro-electronics Co (SZSE:000050) Debt-to-Equity : 1.35 (As of Dec. 2023)

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What is Tianma Micro-electronics Co Debt-to-Equity?

Tianma Micro-electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥6,629 Mil. Tianma Micro-electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥31,131 Mil. Tianma Micro-electronics Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥27,960 Mil. Tianma Micro-electronics Co's debt to equity for the quarter that ended in Dec. 2023 was 1.35.

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 Tianma Micro-electronics Co's Debt-to-Equity or its related term are showing as below:

SZSE:000050' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.85 Max: 1.35
Current: 1.35

During the past 13 years, the highest Debt-to-Equity Ratio of Tianma Micro-electronics Co was 1.35. The lowest was 0.11. And the median was 0.85.

SZSE:000050's Debt-to-Equity is ranked worse than
91.93% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:000050: 1.35

Tianma Micro-electronics Co Debt-to-Equity Historical Data

The historical data trend for Tianma Micro-electronics 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.

Tianma Micro-electronics Co Debt-to-Equity Chart

Tianma Micro-electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.89

0.81

0.99

1.18

1.35

Tianma Micro-electronics Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.18	1.25	1.35	1.33	1.35

Competitive Comparison of Tianma Micro-electronics Co's Debt-to-Equity

For the Consumer Electronics subindustry, Tianma Micro-electronics 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.

Tianma Micro-electronics Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tianma Micro-electronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tianma Micro-electronics Co's Debt-to-Equity falls into.

Tianma Micro-electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianma Micro-electronics 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
	=	(6628.76	+	31130.707)	/	27959.557
	=	1.35

Tianma Micro-electronics 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
	=	(6628.76	+	31130.707)	/	27959.557
	=	1.35

Tianma Micro-electronics Co (SZSE:000050) 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.

Tianma Micro-electronics Co Debt-to-Equity Related Terms

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Tianma Micro-electronics Co (SZSE:000050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianma Micro-electronics Co Ltd (SZSE:000050) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.88, Daxin Road, Tianma Building, Nanshan District, Guangdong, Shenzhen, CHN, 518052

Website

http://www.tianma.cn

Tianma Micro-electronics Co Ltd is a China-based company engaged in the business of providing display solutions and support services globally. The company offered display products are used in smartphones, tablet, personal computers, smart wear, automotive instrumentation, industrial and medical instrumentation, avionic display, home automation and others.

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