Minami Acoustics (SZSE:301383) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Minami Acoustics Debt-to-Equity?

Minami Acoustics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Minami Acoustics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Minami Acoustics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,913 Mil. Minami Acoustics's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Minami Acoustics's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Minami Acoustics was 0.26. The lowest was 0.00. And the median was 0.13.

SZSE:301383's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Minami Acoustics Debt-to-Equity Historical Data

The historical data trend for Minami Acoustics'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.

Minami Acoustics Debt-to-Equity Chart

Minami Acoustics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.26

0.24

Minami Acoustics Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.16	-	-	-	-

Competitive Comparison of Minami Acoustics's Debt-to-Equity

For the Consumer Electronics subindustry, Minami Acoustics'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.

Minami Acoustics's Debt-to-Equity Distribution in the Hardware Industry

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

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

Minami Acoustics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minami Acoustics'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
	=	(1.296	+	0.739)	/	1866.504
	=	0.00

Minami Acoustics'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
	=	(1.032	+	0.725)	/	1913.036
	=	0.00

Minami Acoustics (SZSE:301383) 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.

Minami Acoustics Debt-to-Equity Related Terms

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

Minami Acoustics (SZSE:301383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minami Acoustics Ltd (SZSE:301383) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 66, Baokuang Road, Shangou Industrial Zone, Yudu County, Jiangxi, Ganzhou, CHN, 342300

Website

http://www.minamiacoustics.com

Minami Acoustics Ltd focuses on the research & development, production and sales of electroacoustic components and accessories, and has production and manufacturing bases in Zhongshan, Yudu and Malaysia respectively. The main business is the research and development, manufacturing and sales of micro electroacoustic components, consumer, industrial and vehicle-mounted electroacoustic products, and health acoustic products.

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