Arizon RFID Technology (Cayman) Co (TPE:6863) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Arizon RFID Technology (Cayman) Co Debt-to-Equity?

Arizon RFID Technology (Cayman) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$461 Mil. Arizon RFID Technology (Cayman) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$36 Mil. Arizon RFID Technology (Cayman) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,601 Mil. Arizon RFID Technology (Cayman) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Arizon RFID Technology (Cayman) Co's Debt-to-Equity or its related term are showing as below:

TPE:6863' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.09
Current: 0.09

During the past 4 years, the highest Debt-to-Equity Ratio of Arizon RFID Technology (Cayman) Co was 0.09. The lowest was 0.00. And the median was 0.01.

TPE:6863's Debt-to-Equity is ranked better than
75.03% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs TPE:6863: 0.09

Arizon RFID Technology (Cayman) Co Debt-to-Equity Historical Data

The historical data trend for Arizon RFID Technology (Cayman) 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.

* Premium members only.

Arizon RFID Technology (Cayman) Co Debt-to-Equity Chart

Arizon RFID Technology (Cayman) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.07

Arizon RFID Technology (Cayman) Co Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	0.02	0.03	0.07	0.09

Competitive Comparison of Arizon RFID Technology (Cayman) Co's Debt-to-Equity

For the Electronic Components subindustry, Arizon RFID Technology (Cayman) 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.

Arizon RFID Technology (Cayman) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arizon RFID Technology (Cayman) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Arizon RFID Technology (Cayman) Co's Debt-to-Equity falls into.

Arizon RFID Technology (Cayman) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arizon RFID Technology (Cayman) 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
	=	(311.353	+	38.689)	/	5211.661
	=	0.07

Arizon RFID Technology (Cayman) 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
	=	(461.342	+	35.836)	/	5600.873
	=	0.09

Arizon RFID Technology (Cayman) Co (TPE:6863) 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.

Arizon RFID Technology (Cayman) Co Debt-to-Equity Related Terms

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Arizon RFID Technology (Cayman) Co (TPE:6863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arizon RFID Technology (Cayman) Co Ltd (TPE:6863) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88 Wuzhou East Road, Economic Development Zone, Jiangsu Province, Yangzhou, CHN, 225101

Website

https://www.arizontw.com

Arizon RFID Technology (Cayman) Co Ltd engages in the manufacturing of RFID ODM components. The firm offers various products including Antenna, Electronic shelf labels (ESL), RFID Tags, RFID UHF Fixed Readers, and RFID UHF Handheld Readers. The customers can benefit from using finger sized tags in different fields and environments, to accelerate the efficiency of logistics and management, reduce inventory accumulation, eliminate waste of consumables, and achieve improvement of environment and resources.

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