Infotmic Co (SZSE:000670) Debt-to-Equity : 12.33 (As of Mar. 2024)

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What is Infotmic Co Debt-to-Equity?

Infotmic Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥390 Mil. Infotmic Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥77 Mil. Infotmic Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥38 Mil. Infotmic Co's debt to equity for the quarter that ended in Mar. 2024 was 12.33.

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

SZSE:000670' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 4.24 Max: 7540
Current: 12.33

During the past 13 years, the highest Debt-to-Equity Ratio of Infotmic Co was 7540.00. The lowest was 0.01. And the median was 4.24.

SZSE:000670's Debt-to-Equity is ranked worse than
99.54% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs SZSE:000670: 12.33

Infotmic Co Debt-to-Equity Historical Data

The historical data trend for Infotmic 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.

Infotmic Co Debt-to-Equity Chart

Infotmic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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23.13

6.33

2.91

12.76

Infotmic 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															3.06	6.38	7.22	12.76	12.33

Competitive Comparison of Infotmic Co's Debt-to-Equity

For the Semiconductors subindustry, Infotmic 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.

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

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

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

Infotmic Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Infotmic 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
	=	(397.065	+	77.18)	/	37.173
	=	12.76

Infotmic 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
	=	(389.995	+	76.947)	/	37.882
	=	12.33

Infotmic Co (SZSE:000670) 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.

Infotmic Co Debt-to-Equity Related Terms

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Infotmic Co (SZSE:000670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Infotmic Co Ltd (SZSE:000670) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Lane 500, Shengxia Road, 2nd Floor, Zhangjiang Hi-Tech Park, Jingzhou, CHN

Website

http://www.infotm.com

Infotmic Co Ltd is a China-based company engaged in the manufacturing of computer and communications equipment. The product portfolio of the company includes chips such as application processer, Beidou positioning chip, image processor and other chips, Image terminal, products, Intelligent terminal products, commercial equipment and other products. The company is also involved in the field of intelligent system operation by integrating mobile Internet, Internet of Things, Beidou system, intelligent terminal and back-end big data to provide system services such as smart city, data operation, digital ranch and smart home.

Executives

Li Shi Wei	Directors, executives
Chen Yan Biao	Director
Ding Qiang	Supervisors
Chen Zhi Cheng	Directors, executives
Tang Zhong Min	Director

Infotmic Co (SZSE:000670) Headlines

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