CCSC Technology International Holdings (CCSC Technology International Holdings) Debt-to-Equity : 0.17 (As of Sep. 2023)

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What is CCSC Technology International Holdings Debt-to-Equity?

CCSC Technology International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.44 Mil. CCSC Technology International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.34 Mil. CCSC Technology International Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $10.70 Mil. CCSC Technology International Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.17.

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 CCSC Technology International Holdings's Debt-to-Equity or its related term are showing as below:

CCTG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 0.23
Current: 0.17

During the past 3 years, the highest Debt-to-Equity Ratio of CCSC Technology International Holdings was 0.23. The lowest was 0.07. And the median was 0.19.

CCTG's Debt-to-Equity is ranked better than
64.09% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs CCTG: 0.17

CCSC Technology International Holdings Debt-to-Equity Historical Data

The historical data trend for CCSC Technology International Holdings'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.

CCSC Technology International Holdings Debt-to-Equity Chart

CCSC Technology International Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.19

0.07

0.20

CCSC Technology International Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.07	0.23	0.20	0.17

Competitive Comparison of CCSC Technology International Holdings's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, CCSC Technology International Holdings'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.

CCSC Technology International Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CCSC Technology International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CCSC Technology International Holdings's Debt-to-Equity falls into.

CCSC Technology International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CCSC Technology International Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.525	+	1.653)	/	10.919
	=	0.20

CCSC Technology International Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.435	+	1.344)	/	10.701
	=	0.17

CCSC Technology International Holdings (NAS:CCTG) 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.

CCSC Technology International Holdings Debt-to-Equity Related Terms

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CCSC Technology International Holdings (CCSC Technology International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

CCSC Technology International Holdings Ltd is a company primarily involved in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses. They specialize in customized interconnect products, including connectors, cables and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.

CCSC Technology International Holdings (CCSC Technology International Holdings) Headlines

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