Suzhou Etron Technologies Co (SHSE:603380) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Suzhou Etron Technologies Co Debt-to-Equity?

Suzhou Etron Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥136 Mil. Suzhou Etron Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥76 Mil. Suzhou Etron Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,385 Mil. Suzhou Etron Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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 Suzhou Etron Technologies Co's Debt-to-Equity or its related term are showing as below:

SHSE:603380' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.54
Current: 0.15

During the past 12 years, the highest Debt-to-Equity Ratio of Suzhou Etron Technologies Co was 0.54. The lowest was 0.01. And the median was 0.05.

SHSE:603380's Debt-to-Equity is ranked better than
66.48% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:603380: 0.15

Suzhou Etron Technologies Co Debt-to-Equity Historical Data

The historical data trend for Suzhou Etron Technologies 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.

Suzhou Etron Technologies Co Debt-to-Equity Chart

Suzhou Etron Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.01

0.14

0.16

Suzhou Etron Technologies 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															0.12	0.14	0.16	0.16	0.15

Competitive Comparison of Suzhou Etron Technologies Co's Debt-to-Equity

For the Electronic Components subindustry, Suzhou Etron Technologies 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.

Suzhou Etron Technologies Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Suzhou Etron Technologies Co's Debt-to-Equity falls into.

Suzhou Etron Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suzhou Etron Technologies 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
	=	(133.519	+	80.381)	/	1350.656
	=	0.16

Suzhou Etron Technologies 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
	=	(136.156	+	75.547)	/	1384.52
	=	0.15

Suzhou Etron Technologies Co (SHSE:603380) 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.

Suzhou Etron Technologies Co Debt-to-Equity Related Terms

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

Suzhou Etron Technologies Co (SHSE:603380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Etron Technologies Co Ltd (SHSE:603380) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 50, Chunxing Road, Xiangcheng Economic Development Zone, Jiangsu Province, Suzhou, CHN, 215143

Website

http://www.etron.cn

Suzhou Etron Technologies Co Ltd is an electronics manufacturing services provider. The company's primary business includes the electronic manufacturing and testing, supply chain management, customized research and development, as well as engineering and technical support solutions. The company's product line consists of an industrial product, telecommunication product, health care product, automotive product, high-end consumer product and aerospace product.

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