Comtec Solar Systems Group (HKSE:00712) Debt-to-Equity : -0.64 (As of Dec. 2023)

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What is Comtec Solar Systems Group Debt-to-Equity?

Comtec Solar Systems Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$44.0 Mil. Comtec Solar Systems Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$50.1 Mil. Comtec Solar Systems Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-146.2 Mil. Comtec Solar Systems Group's debt to equity for the quarter that ended in Dec. 2023 was -0.64.

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 Comtec Solar Systems Group's Debt-to-Equity or its related term are showing as below:

HKSE:00712' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.88 Med: -0.14 Max: 4.7
Current: -0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Comtec Solar Systems Group was 4.70. The lowest was -7.88. And the median was -0.14.

HKSE:00712's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.27 vs HKSE:00712: -0.64

Comtec Solar Systems Group Debt-to-Equity Historical Data

The historical data trend for Comtec Solar Systems 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.

Comtec Solar Systems Group Debt-to-Equity Chart

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-7.88

-3.11

-1.89

-0.63

-0.64

Comtec Solar Systems Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.89	-0.71	-0.63	-0.60	-0.64

Competitive Comparison of Comtec Solar Systems Group's Debt-to-Equity

For the Solar subindustry, Comtec Solar Systems 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.

Comtec Solar Systems Group's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where Comtec Solar Systems Group's Debt-to-Equity falls into.

Comtec Solar Systems Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comtec Solar Systems 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
	=	(43.999	+	50.064)	/	-146.168
	=	-0.64

Comtec Solar Systems Group'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
	=	(43.999	+	50.064)	/	-146.168
	=	-0.64

Comtec Solar Systems Group (HKSE:00712) 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.

Comtec Solar Systems Group Debt-to-Equity Related Terms

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Comtec Solar Systems Group (HKSE:00712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (HKSE:00712) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Comtec Solar Systems Group (HKSE:00712) Headlines

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