Airmate (Cayman) International Co (TPE:1626) Debt-to-Equity : 0.79 (As of Mar. 2024)

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What is Airmate (Cayman) International Co Debt-to-Equity?

Airmate (Cayman) International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,475 Mil. Airmate (Cayman) International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0 Mil. Airmate (Cayman) International Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$3,121 Mil. Airmate (Cayman) International Co's debt to equity for the quarter that ended in Mar. 2024 was 0.79.

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 Airmate (Cayman) International Co's Debt-to-Equity or its related term are showing as below:

TPE:1626' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.97 Max: 1.45
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Airmate (Cayman) International Co was 1.45. The lowest was 0.56. And the median was 0.97.

TPE:1626's Debt-to-Equity is ranked worse than
78.85% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs TPE:1626: 0.79

Airmate (Cayman) International Co Debt-to-Equity Historical Data

The historical data trend for Airmate (Cayman) International 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.

Airmate (Cayman) International Co Debt-to-Equity Chart

Airmate (Cayman) International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

0.88

1.16

0.73

0.67

Airmate (Cayman) International 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															0.86	0.74	0.74	0.67	0.79

Competitive Comparison of Airmate (Cayman) International Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Airmate (Cayman) International 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.

Airmate (Cayman) International Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Airmate (Cayman) International Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Airmate (Cayman) International Co's Debt-to-Equity falls into.

Airmate (Cayman) International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Airmate (Cayman) International 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
	=	(2055.952	+	0)	/	3084.853
	=	0.67

Airmate (Cayman) International 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
	=	(2474.834	+	0)	/	3120.773
	=	0.79

Airmate (Cayman) International Co (TPE:1626) 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.

Airmate (Cayman) International Co Debt-to-Equity Related Terms

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Airmate (Cayman) International Co (TPE:1626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airmate (Cayman) International Co Ltd (TPE:1626) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Shin Chung Road, An Ping Industrial District, Tainan, TWN

Website

https://www.airmate-china.com

Airmate (Cayman) International Co Ltd is engaged in the design, development, manufacture, and sale of electrical fans and heaters. The company's product consists of electric fans, heaters, home appliances such as air purifiers, humidifiers, dehumidifiers, induction cookers, and steamers, as well as residential appliances including ventilators, commercial engineering fans, power converters, and many more. In addition, it also exports its products to various countries. The company's key revenue is from the domestic sales market. It also offers precision moulds treatment.

Airmate (Cayman) International Co (TPE:1626) Headlines

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