Putian Communication Group (HKSE:01720) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is Putian Communication Group Debt-to-Equity?

Putian Communication Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$272.2 Mil. Putian Communication Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$101.8 Mil. Putian Communication Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$631.1 Mil. Putian Communication Group's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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 Putian Communication Group's Debt-to-Equity or its related term are showing as below:

HKSE:01720' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.45 Max: 0.6
Current: 0.59

During the past 10 years, the highest Debt-to-Equity Ratio of Putian Communication Group was 0.60. The lowest was 0.21. And the median was 0.45.

HKSE:01720's Debt-to-Equity is ranked worse than
72.22% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:01720: 0.59

Putian Communication Group Debt-to-Equity Historical Data

The historical data trend for Putian Communication Group'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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Putian Communication Group Debt-to-Equity Chart

Putian Communication Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.43

0.48

0.60

0.59

Putian Communication Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.48	0.56	0.60	0.62	0.59

Competitive Comparison of Putian Communication Group's Debt-to-Equity

For the Communication Equipment subindustry, Putian Communication Group'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.

Putian Communication Group's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Putian Communication Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Putian Communication Group's Debt-to-Equity falls into.

Putian Communication Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Putian Communication Group'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
	=	(272.246	+	101.774)	/	631.109
	=	0.59

Putian Communication Group'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
	=	(272.246	+	101.774)	/	631.109
	=	0.59

Putian Communication Group (HKSE:01720) 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.

Putian Communication Group Debt-to-Equity Related Terms

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Putian Communication Group (HKSE:01720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Putian Communication Group Ltd (HKSE:01720) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8899 ChangDong Avenue, Hi-tech Development Zone, Jiangxi Province, Nanchang, CHN

Website

http://www.potel-group.com

Putian Communication Group Ltd, along with its subsidiaries, is a communication cable manufacturer and structured cabling system product provider. The company's products include optical Fiber, Optical cable, digital communication cables, security cables, panels, jumpers, cabinet chassis, and others. The operating segments of the group are Optical fibers and Optical fiber cables, Communication copper cables, and Structured cabling system products. It generates maximum revenue from the Communication copper cables segment. The group's revenue is derived from the PRC.

Putian Communication Group (HKSE:01720) Headlines

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