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Brownie's Marine Group (Brownie's Marine Group) Debt-to-Equity : 1.03 (As of Dec. 2023)


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What is Brownie's Marine Group Debt-to-Equity?

Brownie's Marine Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.96 Mil. Brownie's Marine Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.68 Mil. Brownie's Marine Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.60 Mil. Brownie's Marine Group's debt to equity for the quarter that ended in Dec. 2023 was 1.03.

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 Brownie's Marine Group's Debt-to-Equity or its related term are showing as below:

BWMG' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.52   Med: 0.86   Max: 5.04
Current: 1.03

During the past 13 years, the highest Debt-to-Equity Ratio of Brownie's Marine Group was 5.04. The lowest was -3.52. And the median was 0.86.

BWMG's Debt-to-Equity is ranked worse than
70.13% of 693 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs BWMG: 1.03

Brownie's Marine Group Debt-to-Equity Historical Data

The historical data trend for Brownie's Marine Group'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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Brownie's Marine Group Debt-to-Equity Chart

Brownie's Marine Group 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 -3.52 1.51 0.36 0.69 1.03

Brownie's Marine Group 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 0.69 0.68 0.70 0.72 1.03

Competitive Comparison of Brownie's Marine Group's Debt-to-Equity

For the Leisure subindustry, Brownie's Marine Group'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.


Brownie's Marine Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Brownie's Marine Group's Debt-to-Equity distribution charts can be found below:

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



Brownie's Marine Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brownie's Marine Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Brownie's Marine Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Brownie's Marine Group  (OTCPK:BWMG) 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.


Brownie's Marine Group Debt-to-Equity Related Terms

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


Brownie's Marine Group (Brownie's Marine Group) Business Description

Traded in Other Exchanges
N/A
Address
3001 North West 25th Avenue, Suite 1, Pompano Beach, FL, USA, 33069
Brownie's Marine Group Inc designs, tests, manufactures, and distributes tankless dive systems, rescue air systems, and yacht-based self-contained underwater breathing apparatus air compressors and nitrox generation fill systems. The company has five operating segments; SSA Products sells recreational multi-diver surface-supplied air diving systems, High Pressure Gas Systems sells high-pressure air and industrial gas compressor packages, Ultra- Portable Tankless Dive Systems sells next-generation electric surface supply air diving systems and electric shallow dive systems, Redundant Air Tank Systems manufactures and distributes a line of high-pressure tanks and redundant air systems, and Guided Tour and Retail provides guided tours and operates a retail store for the diving community.
Executives
Alexander Fraser Purdon 10 percent owner 5205 SW 83 TERRACE, GAINESVILLE FL 32608
Mikkel Pitzner director 716 SE 8TH STREET, FT. LAUDERDALE FL 33316
Armstrong Grant Wesley Jr director 1002 WESTRIDGE ROAD, GREENSBORO NC 27410
Jeffrey William Morris 10 percent owner 2148 NE 24TH STREET, WILTON MANORS FL 33305
Joshua William Arvin 10 percent owner 1900 PURDY AVE TS4, MIAMI FL 33139
Robert M Carmichael officer: President and CEO 940 N.W. 1 STREET, FORT LAUDERDALE FL 33311