SKS Technologies Group (ASX:SKS) Debt-to-Equity : 0.62 (As of Jun. 2024)

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What is SKS Technologies Group Debt-to-Equity?

SKS Technologies Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$1.0 Mil. SKS Technologies Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$6.6 Mil. SKS Technologies Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$12.2 Mil. SKS Technologies Group's debt to equity for the quarter that ended in Jun. 2024 was 0.62.

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 SKS Technologies Group's Debt-to-Equity or its related term are showing as below:

ASX:SKS' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.13 Med: 0.69 Max: 2.75
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of SKS Technologies Group was 2.75. The lowest was -3.13. And the median was 0.69.

ASX:SKS's Debt-to-Equity is ranked worse than
73.46% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs ASX:SKS: 0.62

SKS Technologies Group Debt-to-Equity Historical Data

The historical data trend for SKS Technologies Group'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.

SKS Technologies Group Debt-to-Equity Chart

SKS Technologies Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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-1.31

0.76

1.51

1.32

0.62

SKS Technologies Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.51	1.66	1.32	0.82	0.62

Competitive Comparison of SKS Technologies Group's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, SKS Technologies Group'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.

SKS Technologies Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKS Technologies Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SKS Technologies Group's Debt-to-Equity falls into.

SKS Technologies Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SKS Technologies Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1.039	+	6.555)	/	12.201
	=	0.62

SKS Technologies Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1.039	+	6.555)	/	12.201
	=	0.62

SKS Technologies Group (ASX:SKS) 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.

SKS Technologies Group Debt-to-Equity Related Terms

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SKS Technologies Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKS Technologies Group Ltd (ASX:SKS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Spencer Street, Melbourne, VIC, AUS, 3003

Website

https://www.sks.com.au

SKS Technologies Group Ltd is engaged in the business of providing audiovisual products & solutions and electrical and communications cabling for the commercial, retail, health, defense, and education markets. It operates in audio-visual, communication, IT, and electrical markets as a reportable segment.

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