UTime (WTO) Debt-to-Equity : 1.99 (As of Sep. 2023)

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What is UTime Debt-to-Equity?

UTime's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.17 Mil. UTime's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.09 Mil. UTime's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $4.65 Mil. UTime's debt to equity for the quarter that ended in Sep. 2023 was 1.99.

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

WTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 0.96 Max: 1.99
Current: 1.99

During the past 7 years, the highest Debt-to-Equity Ratio of UTime was 1.99. The lowest was 0.49. And the median was 0.96.

WTO's Debt-to-Equity is ranked worse than
95.76% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs WTO: 1.99

UTime Debt-to-Equity Historical Data

The historical data trend for UTime'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.

UTime Debt-to-Equity Chart

UTime Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.27

0.61

1.50

0.96

1.73

UTime Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.51	0.96	1.26	1.73	1.99

Competitive Comparison of UTime's Debt-to-Equity

For the Consumer Electronics subindustry, UTime'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.

UTime's Debt-to-Equity Distribution in the Hardware Industry

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

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

UTime Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

UTime's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(8.517	+	2.575)	/	6.398
	=	1.73

UTime's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.168	+	2.093)	/	4.651
	=	1.99

UTime (NAS:WTO) 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.

UTime Debt-to-Equity Related Terms

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

UTime (WTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UTime Ltd (NAS:WTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1006 Keyuan Road, 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, CHN, 518061

Website

https://www.utimemobile.com

UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for renowned brands. The company operates in China and its products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. It has two in-house brands, UTime, known as its middle-to-high end label and targets middle class consumers from emerging markets; and Do, as its low- to mid-end brand, is positioned to the grassroots consumers and price-sensitive consumers in emerging markets.

Executives

Hailin Xie	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Na Cai	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Xiaoqian Jia	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Hengcong Qiu	director, officer: Chief Executive Officer	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061