X2M Connect (ASX:X2M) Debt-to-Equity : -5.83 (As of Dec. 2023)

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What is X2M Connect Debt-to-Equity?

X2M Connect's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.80 Mil. X2M Connect's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.78 Mil. X2M Connect's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-0.79 Mil. X2M Connect's debt to equity for the quarter that ended in Dec. 2023 was -5.83.

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 X2M Connect's Debt-to-Equity or its related term are showing as below:

ASX:X2M' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.83 Med: 0.44 Max: 6.14
Current: -5.83

During the past 2 years, the highest Debt-to-Equity Ratio of X2M Connect was 6.14. The lowest was -5.83. And the median was 0.44.

ASX:X2M's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs ASX:X2M: -5.83

X2M Connect Debt-to-Equity Historical Data

The historical data trend for X2M Connect'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.

X2M Connect Debt-to-Equity Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.73

6.14

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.15	0.73	0.99	6.14	-5.83

Competitive Comparison of X2M Connect's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, X2M Connect'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.

X2M Connect's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, X2M Connect's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where X2M Connect's Debt-to-Equity falls into.

X2M Connect Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

X2M Connect's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(2.229	+	0.257)	/	0.405
	=	6.14

X2M Connect'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
	=	(2.8	+	1.778)	/	-0.785
	=	-5.83

X2M Connect (ASX:X2M) 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.

X2M Connect Debt-to-Equity Related Terms

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X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

X2M Connect (ASX:X2M) Headlines

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