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Wuxi Taiji Industry Co (SHSE:600667) Debt-to-Equity : 0.61 (As of Mar. 2024)


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What is Wuxi Taiji Industry Co Debt-to-Equity?

Wuxi Taiji Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,167 Mil. Wuxi Taiji Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,774 Mil. Wuxi Taiji Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,111 Mil. Wuxi Taiji Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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 Wuxi Taiji Industry Co's Debt-to-Equity or its related term are showing as below:

SHSE:600667' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54   Med: 0.76   Max: 2.03
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Wuxi Taiji Industry Co was 2.03. The lowest was 0.54. And the median was 0.76.

SHSE:600667's Debt-to-Equity is ranked worse than
75% of 876 companies
in the Semiconductors industry
Industry Median: 0.27 vs SHSE:600667: 0.61

Wuxi Taiji Industry Co Debt-to-Equity Historical Data

The historical data trend for Wuxi Taiji Industry 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.

Wuxi Taiji Industry Co Debt-to-Equity Chart

Wuxi Taiji Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.72 0.71 0.81 0.65

Wuxi Taiji Industry Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.84 0.84 0.75 0.65 0.61

Competitive Comparison of Wuxi Taiji Industry Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Wuxi Taiji Industry 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.


Wuxi Taiji Industry Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Wuxi Taiji Industry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuxi Taiji Industry Co's Debt-to-Equity falls into.



Wuxi Taiji Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuxi Taiji Industry Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Wuxi Taiji Industry Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Wuxi Taiji Industry Co  (SHSE:600667) 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.


Wuxi Taiji Industry Co Debt-to-Equity Related Terms

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Wuxi Taiji Industry Co (SHSE:600667) Business Description

Traded in Other Exchanges
N/A
Address
Chendian Bridge South, Jiangsu Province, Wuxi, CHN, 214024
Wuxi Taiji Industry Co Ltd is engaged in the business of semiconductor post processing and chemical fibres. The semiconductor post-processing involves in IC chips probe test, packaging assembly, packaging test, module assembly, and test. The chemical fibre business includes polyester industrial yarn, dipped conveyor belt fabric, and dipped tire cord fabric.

Wuxi Taiji Industry Co (SHSE:600667) Headlines

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