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OmniTek Engineering (OmniTek Engineering) Debt-to-Equity : -0.53 (As of Dec. 2023)


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What is OmniTek Engineering Debt-to-Equity?

OmniTek Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.18 Mil. OmniTek Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.45 Mil. OmniTek Engineering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.19 Mil. OmniTek Engineering's debt to equity for the quarter that ended in Dec. 2023 was -0.53.

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 OmniTek Engineering's Debt-to-Equity or its related term are showing as below:

OMTK' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.07   Med: -0.36   Max: 1.21
Current: -0.53

During the past 13 years, the highest Debt-to-Equity Ratio of OmniTek Engineering was 1.21. The lowest was -1.07. And the median was -0.36.

OMTK's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs OMTK: -0.53

OmniTek Engineering Debt-to-Equity Historical Data

The historical data trend for OmniTek Engineering'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.

OmniTek Engineering Debt-to-Equity Chart

OmniTek Engineering Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.13 -0.36 -1.07 -0.76 -0.53

OmniTek Engineering Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.76 -0.71 -0.64 -0.59 -0.53

Competitive Comparison of OmniTek Engineering's Debt-to-Equity

For the Auto Parts subindustry, OmniTek Engineering'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.

OmniTek Engineering's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, OmniTek Engineering's Debt-to-Equity distribution charts can be found below:

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


OmniTek Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OmniTek Engineering'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
=(0.18 + 0.453) / -1.186
=-0.53

OmniTek Engineering'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
=(0.18 + 0.453) / -1.186
=-0.53

* 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.

OmniTek Engineering  (OTCPK:OMTK) 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.

OmniTek Engineering Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of OmniTek Engineering's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

OmniTek Engineering (OmniTek Engineering) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OmniTek Engineering Corp (OTCPK:OMTK) » Definitions » Debt-to-Equity
Comparable Companies
FLES REII TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ SHSE:601689 SZSE:002920 TSE:7259 BWA XTER:HLE TSE:5802 ALV
Traded in Other Exchanges
N/A
Address
1345 Specialty Dr. No. E, Vista, CA, USA, 92081
Website
https://www.omnitekcorp.com
OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
Executives
Gary S Maier director 815 MORAGA DRIVE, SUITE 306, LOS ANGELES CA 90049
John M Palumbo director
Werner Funk director, 10 percent owner, officer: President, CEO and Secretary 1345 SPECIALTY DR., #E, VISTA CA 92081
Richard L Miller officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
Janice M Quigley director, officer: Vice President 15-2819 INA STREET, PAHOA HI 96778
Alicia A Rolfe officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
George G Chachas director
John D Garber 10 percent owner 7506 N BROADWAY EXTN, STE 505, OKLAHOMA CITY OK 73116