Bantec (Bantec) Debt-to-Equity : -0.64 (As of Mar. 2024)

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What is Bantec Debt-to-Equity?

Bantec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.74 Mil. Bantec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9.00 Mil. Bantec's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-18.23 Mil. Bantec's debt to equity for the quarter that ended in Mar. 2024 was -0.64.

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

BANT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.98 Med: -0.63 Max: -0.52
Current: -0.64

During the past 6 years, the highest Debt-to-Equity Ratio of Bantec was -0.52. The lowest was -0.98. And the median was -0.63.

BANT's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.415 vs BANT: -0.64

Bantec Debt-to-Equity Historical Data

The historical data trend for Bantec'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.

Bantec Debt-to-Equity Chart

Bantec Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-0.71

-0.67

-0.62

-0.54

-0.67

Bantec Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-0.52	-0.54	-0.67	-0.66	-0.64

Competitive Comparison of Bantec's Debt-to-Equity

For the Aerospace & Defense subindustry, Bantec'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.

Bantec's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bantec's Debt-to-Equity distribution charts can be found below:

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

Bantec Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bantec's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(2.266	+	8.936)	/	-16.792
	=	-0.67

Bantec's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(2.744	+	9)	/	-18.233
	=	-0.64

Bantec (OTCPK:BANT) 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.

Bantec Debt-to-Equity Related Terms

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Bantec (Bantec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bantec Inc (OTCPK:BANT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

195 Paterson Avenue, Little Falls, NJ, USA, 07424

Website

http://www.bantecinc.com

Bantec Inc along with its subsidiaries provides unmanned aerial vehicles (UAV) and related services. Principally, it is engaged in the business of research, design, development, testing, manufacturing, distribution, exportation, and integration of low-altitude UAV systems, services, and products. The company also provides procurement, distribution, and logistics services. It focuses on distributing, Drones and related services and Environmental/Construction products and services. The company has three operating segments; Howco, Drone LLC, and Bantec Sanitizing Inc.

Executives

Michael John Bannon	director, 10 percent owner, officer: President and CEO	138 4TH AVE, MILFORD CT 00460
Rodrigo Rangel Kuntz	director	AV. HENRIQUE PERES, 68 SL 03, MOGI DOS CRUZES D5 08735-400