Optical Cable (Optical Cable) Debt-to-Equity

: 0.43 (As of Jan. 2024)

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Optical Cable's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.05 Mil. Optical Cable's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $10.07 Mil. Optical Cable's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $23.35 Mil. Optical Cable's debt to equity for the quarter that ended in Jan. 2024 was 0.43.

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 Optical Cable's Debt-to-Equity or its related term are showing as below:

OCC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.49 Max: 1.14
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Optical Cable was 1.14. The lowest was 0.32. And the median was 0.49.

OCC's Debt-to-Equity is ranked worse than
62.06% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs OCC: 0.43

Optical Cable Debt-to-Equity Historical Data

The historical data trend for Optical Cable'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.

Optical Cable Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

0.54

0.99

0.38

0.48

0.45

Optical Cable Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																0.49	0.48	0.45	0.45	0.43

Competitive Comparison

For the Communication Equipment subindustry, Optical Cable'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.

Optical Cable Debt-to-Equity Distribution

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

* The bar in red indicates where Optical Cable's Debt-to-Equity falls into.

Optical Cable Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Optical Cable's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.053	+	10.947)	/	24.722
	=	0.44

Optical Cable's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.054	+	10.074)	/	23.348
	=	0.43

Optical Cable (NAS:OCC) 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.

Optical Cable Debt-to-Equity Related Terms

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Optical Cable (Optical Cable) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optical Cable Corp (NAS:OCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OCC:Germany

Address

5290 Concourse Drive, Roanoke, VA, USA, 24019

Website

https://www.occfiber.com

Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.

Executives

Randall H Frazier	director
Wilkin Neil D Jr	director, officer: President and CFO
Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Nygren John A Jr	director	567 SEAFORD LANE, MATHEWS VA 23109
Craig H Weber	director
William Russell Reynolds	officer: SR VP OF SALES	106 DISTANT VIEW DRIVE, ASHEVILLE NC 28803
Tracy G Smith	officer: Chief Financial Officer
Luke J Huybrechts	director, officer: SVP Sales
Charles W Carson	officer: SVP Marketing & Strategy
Ted W Leonard	officer: VP Sales - USA
John M Holland	director