Oventus Medical (ASX:OVN) Debt-to-Equity : 0.06 (As of Dec. 2021)

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What is Oventus Medical Debt-to-Equity?

Oventus Medical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.20 Mil. Oventus Medical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.24 Mil. Oventus Medical's Total Stockholders Equity for the quarter that ended in Dec. 2021 was A$7.99 Mil. Oventus Medical's debt to equity for the quarter that ended in Dec. 2021 was 0.06.

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 Oventus Medical's Debt-to-Equity or its related term are showing as below:

ASX:OVN's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.22
* Ranked among companies with meaningful Debt-to-Equity only.

Oventus Medical Debt-to-Equity Historical Data

The historical data trend for Oventus Medical'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.

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Oventus Medical Debt-to-Equity Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Equity

0.04

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial						0.01	-	0.08	0.04	0.06

Competitive Comparison of Oventus Medical's Debt-to-Equity

For the Medical Devices subindustry, Oventus Medical'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.

Oventus Medical's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Oventus Medical's Debt-to-Equity distribution charts can be found below:

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

Oventus Medical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oventus Medical's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 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
	=	(0.219	+	0.32)	/	12.618
	=	0.04

Oventus Medical's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(0.203	+	0.24)	/	7.988
	=	0.06

Oventus Medical (ASX:OVN) 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.

Oventus Medical Debt-to-Equity Related Terms

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Oventus Medical (ASX:OVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Oventus Medical Ltd (ASX:OVN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

Oventus Medical (ASX:OVN) Headlines

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