TCL Technology Group (SZSE:000100) Debt-to-Equity : 3.23 (As of Mar. 2024)

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What is TCL Technology Group Debt-to-Equity?

TCL Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥37,669 Mil. TCL Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥135,955 Mil. TCL Technology Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥53,682 Mil. TCL Technology Group's debt to equity for the quarter that ended in Mar. 2024 was 3.23.

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

SZSE:000100' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23 Med: 2.21 Max: 3.93
Current: 3.23

During the past 13 years, the highest Debt-to-Equity Ratio of TCL Technology Group was 3.93. The lowest was 1.23. And the median was 2.21.

SZSE:000100's Debt-to-Equity is ranked worse than
98.41% of 878 companies
in the Semiconductors industry
Industry Median: 0.27 vs SZSE:000100: 3.23

TCL Technology Group Debt-to-Equity Historical Data

The historical data trend for TCL Technology Group'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.

TCL Technology Group Debt-to-Equity Chart

TCL Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.30

3.46

2.91

3.10

3.15

TCL Technology Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.35	3.29	3.24	3.15	3.23

Competitive Comparison of TCL Technology Group's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, TCL Technology Group'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.

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

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

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

TCL Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TCL Technology Group'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
	=	(34100.251	+	132513.345)	/	52921.866
	=	3.15

TCL Technology Group'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
	=	(37668.786	+	135954.552)	/	53682.079
	=	3.23

TCL Technology Group (SZSE:000100) 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.

TCL Technology Group Debt-to-Equity Related Terms

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TCL Technology Group (SZSE:000100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Technology Group Corp (SZSE:000100) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Huifeng Third Road, TCL Technology Building, Zhongkai Hi-Tech Development District, Guangdong Province, Huizhou, CHN, 516001

Website

https://www.tcltech.com

TCL Technology Group Corp is a consumer electronics company in China. The company's operating segment includes Semi-conductor display and materials business; Distribution business; Semi-conductor photovoltaic and semi-conductor materials business and Other businesses. It generates maximum revenue from Semi-conductor display and materials business segment. The Semi-conductor display and materials business segment mainly includes research and development, manufacturing and sales of semiconductor display panels and semiconductor display modules.

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