Zhejiang Lante Optics Co (SHSE:688127) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Zhejiang Lante Optics Co Debt-to-Equity?

Zhejiang Lante Optics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥244.7 Mil. Zhejiang Lante Optics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Zhejiang Lante Optics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,671.2 Mil. Zhejiang Lante Optics 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 Zhejiang Lante Optics Co's Debt-to-Equity or its related term are showing as below:

SHSE:688127' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.7
Current: 0.15

During the past 9 years, the highest Debt-to-Equity Ratio of Zhejiang Lante Optics Co was 0.70. The lowest was 0.01. And the median was 0.08.

SHSE:688127's Debt-to-Equity is ranked better than
62.24% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:688127: 0.15

Zhejiang Lante Optics Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Lante Optics 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.

Zhejiang Lante Optics Co Debt-to-Equity Chart

Zhejiang Lante Optics Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.08

0.16

Zhejiang Lante Optics 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															0.08	0.09	0.14	0.16	0.15

Competitive Comparison of Zhejiang Lante Optics Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Zhejiang Lante Optics 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.

Zhejiang Lante Optics Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where Zhejiang Lante Optics Co's Debt-to-Equity falls into.

Zhejiang Lante Optics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Lante Optics 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
	=	(260.715	+	0)	/	1634.209
	=	0.16

Zhejiang Lante Optics 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
	=	(244.705	+	0)	/	1671.164
	=	0.15

Zhejiang Lante Optics Co (SHSE:688127) 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.

Zhejiang Lante Optics Co Debt-to-Equity Related Terms

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Zhejiang Lante Optics Co (SHSE:688127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Lante Optics Co Ltd (SHSE:688127) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Honghe Town, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314023

Website

https://www.lante.com.cn

Zhejiang Lante Optics Co Ltd is engaged in production and sales of optical components. The company produces prisms, lenses, glass wafers, glass aspheric lenses, coatings and lens assembly, and has been involved in traditional optics, optoelectronic displays, photovoltaics, automobiles, lighting, optical communications, semiconductors, consumer electronics, medical, virtual/augmented reality and other fields. The processing and manufacturing of optical products can be found in the core components of high-tech products such as telescopes, microscopes, mobile phone, AR/VR, digital cameras, security monitors, multimedia projectors, sights, image measuring equipment, and automobile interior and exterior decoration.

Executives

Li Qing Song	Core technical personnel
Xu Ming Yang	Core technical personnel
Yao Liang	Directors, senior managers
Wang Xiao Ming	Director
Hu Jian	Core technical personnel

Zhejiang Lante Optics Co (SHSE:688127) Headlines

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