Planet Image International (Planet Image International) Debt-to-Equity : 1.25 (As of Dec. 2023)

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What is Planet Image International Debt-to-Equity?

Planet Image International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $40.8 Mil. Planet Image International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.7 Mil. Planet Image International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $33.1 Mil. Planet Image International's debt to equity for the quarter that ended in Dec. 2023 was 1.25.

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 Planet Image International's Debt-to-Equity or its related term are showing as below:

YIBO' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.25 Med: 2.02 Max: 5.14
Current: 1.25

During the past 5 years, the highest Debt-to-Equity Ratio of Planet Image International was 5.14. The lowest was 1.25. And the median was 2.02.

YIBO's Debt-to-Equity is ranked worse than
90.7% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs YIBO: 1.25

Planet Image International Debt-to-Equity Historical Data

The historical data trend for Planet Image International'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.

Planet Image International Debt-to-Equity Chart

Planet Image International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

5.14

2.76

2.02

1.83

1.25

Planet Image International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				2.02	N/A	1.83	1.09	1.25

Competitive Comparison of Planet Image International's Debt-to-Equity

For the Computer Hardware subindustry, Planet Image International'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.

Planet Image International's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Planet Image International's Debt-to-Equity falls into.

Planet Image International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Planet Image International'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
	=	(40.758	+	0.683)	/	33.111
	=	1.25

Planet Image International'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
	=	(40.758	+	0.683)	/	33.111
	=	1.25

Planet Image International (NAS:YIBO) 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.

Planet Image International Debt-to-Equity Related Terms

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Planet Image International (Planet Image International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planet Image International Ltd (NAS:YIBO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 756 Guangfu Road, Hi-tech Development Zone, Jiangxi Province, Xinyu, CHN

Website

http://www.goaster.com

Planet Image International Ltd is engaged in manufacturing and selling compatible toner cartridges. It develops and manufactures toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis or under its self-owned brands. The company also sells its branded products through online sales channels under three brands, TrueImage, CoolToner, and AZtech.

Planet Image International (Planet Image International) Headlines

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