Piotech (SHSE:688072) Debt-to-Equity : 0.56 (As of Mar. 2024)

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What is Piotech Debt-to-Equity?

Piotech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥155 Mil. Piotech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,433 Mil. Piotech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,620 Mil. Piotech's debt to equity for the quarter that ended in Mar. 2024 was 0.56.

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

SHSE:688072' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.18 Max: 0.56
Current: 0.56

During the past 6 years, the highest Debt-to-Equity Ratio of Piotech was 0.56. The lowest was 0.00. And the median was 0.18.

SHSE:688072's Debt-to-Equity is ranked worse than
71.95% of 877 companies
in the Semiconductors industry
Industry Median: 0.27 vs SHSE:688072: 0.56

Piotech Debt-to-Equity Historical Data

The historical data trend for Piotech'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.

Piotech Debt-to-Equity Chart

Piotech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.44

Piotech Quarterly Data
	Dec18	Dec19	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													0.26	0.25	0.31	0.44	0.56

Competitive Comparison of Piotech's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Piotech'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.

Piotech's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Piotech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Piotech'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
	=	(137.02	+	1873.213)	/	4593.86
	=	0.44

Piotech'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
	=	(154.987	+	2433.336)	/	4620.301
	=	0.56

Piotech (SHSE:688072) 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.

Piotech Debt-to-Equity Related Terms

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

Piotech (SHSE:688072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Piotech Inc (SHSE:688072) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 900, Shuijia, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.sypiotech.cn

Piotech Inc is engaged in the research and development, production, sales and technical services of high-end semiconductor special equipment.

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