Shenzhen Fine Made Electronics Group Co (SZSE:300671) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Shenzhen Fine Made Electronics Group Co Debt-to-Equity?

Shenzhen Fine Made Electronics Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥563.1 Mil. Shenzhen Fine Made Electronics Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥107.6 Mil. Shenzhen Fine Made Electronics Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,800.7 Mil. Shenzhen Fine Made Electronics Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Shenzhen Fine Made Electronics Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:300671' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.27 Max: 0.52
Current: 0.37

During the past 10 years, the highest Debt-to-Equity Ratio of Shenzhen Fine Made Electronics Group Co was 0.52. The lowest was 0.06. And the median was 0.27.

SZSE:300671's Debt-to-Equity is ranked worse than
59.38% of 874 companies
in the Semiconductors industry
Industry Median: 0.27 vs SZSE:300671: 0.37

Shenzhen Fine Made Electronics Group Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Fine Made Electronics Group 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.

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Shenzhen Fine Made Electronics Group Co Debt-to-Equity Chart

Shenzhen Fine Made Electronics Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.20

0.36

0.28

0.13

0.37

Shenzhen Fine Made Electronics Group 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															0.37	0.41	0.52	0.42	0.37

Competitive Comparison of Shenzhen Fine Made Electronics Group Co's Debt-to-Equity

For the Semiconductors subindustry, Shenzhen Fine Made Electronics Group 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.

Shenzhen Fine Made Electronics Group Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shenzhen Fine Made Electronics Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Fine Made Electronics Group Co's Debt-to-Equity falls into.

Shenzhen Fine Made Electronics Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Fine Made Electronics Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(663.269	+	150.019)	/	2183.775
	=	0.37

Shenzhen Fine Made Electronics Group 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
	=	(563.126	+	107.574)	/	1800.677
	=	0.37

Shenzhen Fine Made Electronics Group Co (SZSE:300671) 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.

Shenzhen Fine Made Electronics Group Co Debt-to-Equity Related Terms

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Shenzhen Fine Made Electronics Group Co (SZSE:300671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Fine Made Electronics Group Co Ltd (SZSE:300671) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18th Floor, West District, Times Technology Building, Nongyuan Road, Xiangmihu Street, Futian District, Guangdong Province, Shenzhen, CHN, 518048

Website

http://www.superchip.cn

Shenzhen Fine Made Electronics Group Co Ltd is an integrated circuit design enterprises. It is engaged in the design, research and development, production and operation of high-performance analog and digital-analog hybrid integrated circuits. Its product portfolio comprises power management, LED control and drive, MOSFET class, infrared remote control class and other consumer products.

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