Symtek Automation Asia Co (TPE:6438) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Symtek Automation Asia Co Debt-to-Equity?

Symtek Automation Asia Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$261 Mil. Symtek Automation Asia Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,230 Mil. Symtek Automation Asia Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$4,021 Mil. Symtek Automation Asia 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 Symtek Automation Asia Co's Debt-to-Equity or its related term are showing as below:

TPE:6438' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.34 Max: 0.63
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Symtek Automation Asia Co was 0.63. The lowest was 0.07. And the median was 0.34.

TPE:6438's Debt-to-Equity is ranked worse than
57.13% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TPE:6438: 0.37

Symtek Automation Asia Co Debt-to-Equity Historical Data

The historical data trend for Symtek Automation Asia 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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Symtek Automation Asia Co Debt-to-Equity Chart

Symtek Automation Asia Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.54

0.34

0.10

0.27

0.39

Symtek Automation Asia 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															0.35	0.44	0.39	0.39	0.37

Competitive Comparison of Symtek Automation Asia Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Symtek Automation Asia 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.

Symtek Automation Asia Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Symtek Automation Asia Co's Debt-to-Equity distribution charts can be found below:

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

Symtek Automation Asia Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Symtek Automation Asia 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
	=	(280.441	+	1280.281)	/	4044.669
	=	0.39

Symtek Automation Asia 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
	=	(260.807	+	1229.771)	/	4020.992
	=	0.37

Symtek Automation Asia Co (TPE:6438) 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.

Symtek Automation Asia Co Debt-to-Equity Related Terms

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Symtek Automation Asia Co (TPE:6438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Symtek Automation Asia Co Ltd (TPE:6438) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 421, Rongmin Road, Zhongli District, Taoyuan City, TWN, 320

Website

https://www.saa-symtek.com

Symtek Automation Asia Co Ltd is engaged in providing automation solutions, mainly in industrial automation planning, design, development, production installation, and after-sales service. The company's product portfolio includes printed circuit boards, flexible boards, photonics, semiconductor, and logistical products. The company has two operating segments; Symtek Taiwan segment which includes Symtek Automation Asia Co Ltd, and Symtek China segment which includes Symtek China, SAL and Symtek Jiangsu. The company derives a majority of its revenue from the Symtek Taiwan segment.

Symtek Automation Asia Co (TPE:6438) Headlines

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