Solid State System Co (ROCO:3259) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Solid State System Co Debt-to-Equity?

Solid State System Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$27.4 Mil. Solid State System Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$29.1 Mil. Solid State System Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$362.7 Mil. Solid State System Co's debt to equity for the quarter that ended in Mar. 2024 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 Solid State System Co's Debt-to-Equity or its related term are showing as below:

ROCO:3259' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.33
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Solid State System Co was 0.33. The lowest was 0.02. And the median was 0.13.

ROCO:3259's Debt-to-Equity is ranked better than
61.1% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs ROCO:3259: 0.16

Solid State System Co Debt-to-Equity Historical Data

The historical data trend for Solid State System 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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Solid State System Co Debt-to-Equity Chart

Solid State System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.16

0.02

0.17

0.10

Solid State System 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															0.19	0.18	0.23	0.10	0.16

Competitive Comparison of Solid State System Co's Debt-to-Equity

For the Semiconductors subindustry, Solid State System 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.

Solid State System Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solid State System Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Solid State System Co's Debt-to-Equity falls into.

Solid State System Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solid State System 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
	=	(41.524	+	1.593)	/	426.108
	=	0.10

Solid State System 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
	=	(27.441	+	29.088)	/	362.743
	=	0.16

Solid State System Co (ROCO:3259) 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.

Solid State System Co Debt-to-Equity Related Terms

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Solid State System Co (ROCO:3259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solid State System Co Ltd (ROCO:3259) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Tai Yuen Street, 5th Floor-1, Tai Yuen Hi-Tech Industrial Park, Hsinchu County, Zhubei City, TWN, 30288

Website

http://www.3system.com.tw

Solid State System Co Ltd is engaged in the production and distribution of flash memory controller integrated circuits and audio ICs. It offers various storage solutions, including USB flash controllers and SSD turn-key solutions; multimedia audio solutions, such as USB speakers, USB headsets, and USB line-in controllers; and MEMS microphones.

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