Tungray Technologies (Tungray Technologies) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Tungray Technologies Debt-to-Equity?

Tungray Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.31 Mil. Tungray Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.30 Mil. Tungray Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.33 Mil. Tungray Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Tungray Technologies's Debt-to-Equity or its related term are showing as below:

TRSG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.33 Max: 0.57
Current: 0.16

During the past 4 years, the highest Debt-to-Equity Ratio of Tungray Technologies was 0.57. The lowest was 0.16. And the median was 0.33.

TRSG's Debt-to-Equity is ranked better than
65.7% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs TRSG: 0.16

Tungray Technologies Debt-to-Equity Historical Data

The historical data trend for Tungray Technologies'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.

Tungray Technologies Debt-to-Equity Chart

Tungray Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.57

0.40

0.25

0.16

Tungray Technologies Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.40	0.34	0.25	0.20	0.16

Competitive Comparison of Tungray Technologies's Debt-to-Equity

For the Metal Fabrication subindustry, Tungray Technologies'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.

Tungray Technologies's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Debt-to-Equity distribution charts can be found below:

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

Tungray Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tungray Technologies'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
	=	(0.309	+	2.301)	/	16.334
	=	0.16

Tungray Technologies's Debt to Equity Ratio for the quarter 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
	=	(0.309	+	2.301)	/	16.334
	=	0.16

Tungray Technologies (NAS:TRSG) 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.

Tungray Technologies Debt-to-Equity Related Terms

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Tungray Technologies (Tungray Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933

Website

https://www.tungray.tech

Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics and home appliance industries. It primarily generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment.

Tungray Technologies (Tungray Technologies) Headlines

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