Semiconductor stocks with low debt to keep on your radar – Trade Brains
by | Jun 23, 2024 | 4:00 pm | News, Trending News | 0 comments
The capital used in the business that is contributed by creditors, shareholders, or owners is measured by the debt-to-equity ratio. The debt-equity ratio, to put it simply, is a ratio of the total amount of long-term debt and equity capital in the company.
Such a financial metric provides insight into how much of the borrowed capital or debt could be covered by shareholder contributions in the event of liquidation.
A lower debt-to-equity ratio is advantageous from an investment perspective, especially during periods of rising interest rates, as it signifies lower risk. This attractiveness can lead to increased capital inflows for further business investment and expansion.
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Listed below are three semiconductor stocks that exhibit low debt-to-equity ratios.
With a market capitalisation of Rs. 1,368 crores, the share price of RIR Power Electronics rose by 1.8 percent on BSE to reach Rs. 2,100 during Friday’s trading session, compared to its previous closing price of Rs. 2,063.55. The debt-to-equity ratio of the company stands at 0.54.
The company reported a significant 32.5 percent year-over-year increase in revenue from operations, rising from Rs. 16.3 crore in Q4 FY22-23 to Rs. 21.6 crore in Q4 FY23-24. Concurrently, its net profit also saw a 133.3 percent growth, climbing from Rs. 1.2 crore to Rs. 2.8 crore over the same period.
RIR Power Electronics Limited, formerly known as Ruttonsha International Rectifier Limited, is engaged in the business of manufacturing of semiconductor devices and high power equipments.
With a market capitalisation of Rs. 5,301.02 crores, the share price of Moschip Technologies rose by 8.4 percent on BSE to hit a new 52-week high at Rs. 320.8 on Friday, compared to its previous closing price of Rs. 296. The debt-to-equity ratio of the company stands at 0.26.
The company reported a significant 40 percent year-over-year increase in revenue from operations, rising from Rs. 53.83 crore in Q4 FY22-23 to Rs. 75.42 crore in Q4 FY23-24, but the net profit declined by 42.8 percent, falling from Rs. 1.52 crore to Rs. 0.87 crore over the same period.
Incorporated in 1999, MosChip Technologies Limited specialises in semiconductor and system design services and offers a wide range of solutions including turn-key digital and mixed-signal ASICs, design services, SerDes IP, and embedded system design.
With a market capitalisation of Rs. 1,432.3 crores, the share price of ASM Technologies rose by 5 percent on BSE to hit a fresh 52-week high at Rs. 1,305.35 during Friday’s trading session, compared to its previous closing price of Rs. 1,243.2. The debt-to-equity ratio of the company stands at 0.58.
The company reported a 14.2 percent year-over-year decline in revenue from operations, falling from Rs. 51.94 crore in Q4 FY22-23 to Rs. 44.6 crore in Q4 FY23-24, while its net profit stood at a loss of Rs. 3.4 crore in Q4 FY23-24, falling from a profit of Rs. 0.4 crore in Q4 FY22-23.
Established in 1992, ASM Technologies Limited is a pioneer in design-led manufacturing in the semiconductor & automotive industries, and has the expertise and understanding of the design and development of System and Sub Systems of PVD, CVD, RTP, Etch, CMP and Inspection tools.
The company is engaged in the business of providing consulting and product development services in the areas of engineering services and product R&D.
Written by Shivani Singh
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