Zen Voce (ROCO:3581) Debt-to-Equity : 0.58 (As of Mar. 2024)

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What is Zen Voce Debt-to-Equity?

Zen Voce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$469 Mil. Zen Voce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$20 Mil. Zen Voce's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$848 Mil. Zen Voce's debt to equity for the quarter that ended in Mar. 2024 was 0.58.

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 Zen Voce's Debt-to-Equity or its related term are showing as below:

ROCO:3581' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.56 Max: 0.63
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Zen Voce was 0.63. The lowest was 0.03. And the median was 0.56.

ROCO:3581's Debt-to-Equity is ranked worse than
73.11% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs ROCO:3581: 0.58

Zen Voce Debt-to-Equity Historical Data

The historical data trend for Zen Voce'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.

Zen Voce Debt-to-Equity Chart

Zen Voce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.57

0.60

0.61

Zen Voce 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															0.59	0.58	0.58	0.61	0.58

Competitive Comparison of Zen Voce's Debt-to-Equity

For the Semiconductors subindustry, Zen Voce'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.

Zen Voce's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zen Voce's Debt-to-Equity distribution charts can be found below:

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

Zen Voce Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zen Voce'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
	=	(486.273	+	26.075)	/	841.876
	=	0.61

Zen Voce'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
	=	(468.724	+	20.082)	/	848.012
	=	0.58

Zen Voce (ROCO:3581) 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.

Zen Voce Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Zen Voce's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Zen Voce (ROCO:3581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zen Voce Corp (ROCO:3581) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441

Website

http://www.zenvoce.com

Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.

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