Best Precision Industrial Co (ROCO:6859) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Best Precision Industrial Co Debt-to-Equity?

Best Precision Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$191.5 Mil. Best Precision Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$109.8 Mil. Best Precision Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,742.9 Mil. Best Precision Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Best Precision Industrial Co's Debt-to-Equity or its related term are showing as below:

ROCO:6859' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.18 Max: 0.39
Current: 0.17

During the past 5 years, the highest Debt-to-Equity Ratio of Best Precision Industrial Co was 0.39. The lowest was 0.10. And the median was 0.18.

ROCO:6859's Debt-to-Equity is ranked better than
64.16% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs ROCO:6859: 0.17

Best Precision Industrial Co Debt-to-Equity Historical Data

The historical data trend for Best Precision Industrial 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.

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Best Precision Industrial Co Debt-to-Equity Chart

Best Precision Industrial Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.39

0.31

0.20

0.12

0.18

Best Precision Industrial Co Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.11	0.10	0.18	0.18	0.17

Competitive Comparison of Best Precision Industrial Co's Debt-to-Equity

For the Metal Fabrication subindustry, Best Precision Industrial 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.

Best Precision Industrial Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Best Precision Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Best Precision Industrial Co's Debt-to-Equity falls into.

Best Precision Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Best Precision Industrial 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
	=	(193.258	+	119.495)	/	1784.245
	=	0.18

Best Precision Industrial Co'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
	=	(191.542	+	109.756)	/	1742.923
	=	0.17

Best Precision Industrial Co (ROCO:6859) 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.

Best Precision Industrial Co Debt-to-Equity Related Terms

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

Best Precision Industrial Co (ROCO:6859) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Best Precision Industrial Co Ltd (ROCO:6859) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35, Ln. 87, Section 1, Tanfu Road, Tanzih District, Taichung, TWN, 42753

Website

https://www.best-opto.com

Best Precision Industrial Co Ltd manufactures and distributes high precision molds and components. It products are high precision components used in optics related industries including optical molds, optical components and others.

Best Precision Industrial Co (ROCO:6859) Headlines

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