Hefei I-TEK OptoElectronics Co (SHSE:688610) Debt-to-Equity : 0.01 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Hefei I-TEK OptoElectronics Co Debt-to-Equity?

Hefei I-TEK OptoElectronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.5 Mil. Hefei I-TEK OptoElectronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.0 Mil. Hefei I-TEK OptoElectronics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,472.5 Mil. Hefei I-TEK OptoElectronics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Hefei I-TEK OptoElectronics Co's Debt-to-Equity or its related term are showing as below:

SHSE:688610' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.19 Max: 0.53
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Hefei I-TEK OptoElectronics Co was 0.53. The lowest was 0.01. And the median was 0.19.

SHSE:688610's Debt-to-Equity is ranked better than
99.95% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:688610: 0.01

Hefei I-TEK OptoElectronics Co Debt-to-Equity Historical Data

The historical data trend for Hefei I-TEK OptoElectronics 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.

Hefei I-TEK OptoElectronics Co Debt-to-Equity Chart

Hefei I-TEK OptoElectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.28

0.53

0.17

0.20

0.02

Hefei I-TEK OptoElectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.27	0.29	0.04	0.02	0.01

Competitive Comparison of Hefei I-TEK OptoElectronics Co's Debt-to-Equity

For the Electronic Components subindustry, Hefei I-TEK OptoElectronics 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.

Hefei I-TEK OptoElectronics Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hefei I-TEK OptoElectronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hefei I-TEK OptoElectronics Co's Debt-to-Equity falls into.

Hefei I-TEK OptoElectronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hefei I-TEK OptoElectronics 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
	=	(27.005	+	1.725)	/	1498.925
	=	0.02

Hefei I-TEK OptoElectronics 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
	=	(5.502	+	2.002)	/	1472.46
	=	0.01

Hefei I-TEK OptoElectronics Co (SHSE:688610) 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.

Hefei I-TEK OptoElectronics Co Debt-to-Equity Related Terms

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

Hefei I-TEK OptoElectronics Co (SHSE:688610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hefei I-TEK OptoElectronics Co Ltd (SHSE:688610) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjiang West Road, 3rd Floor, Building J2, Phase II, Zhongan Chuanggu Science and Technology Park, High-tech Zone, Anhui, Hefei, CHN, 230088

Website

http://www.i-tek.cn

Hefei I-TEK OptoElectronics Co Ltd is a national high-tech enterprise specializing in research & development, production and sales of high-end industrial imaging components. Echo Optoelectronics has always focused on technological innovation and adhered to the positioning of high-end products. It is a high-end domestic brand pioneer enterprise with independent innovation in the field of machine vision.

Hefei I-TEK OptoElectronics Co (SHSE:688610) Headlines

No Headlines