Modern Mobility Aids (Modern Mobility Aids) Debt-to-Equity : -0.20 (As of Mar. 2015)

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What is Modern Mobility Aids Debt-to-Equity?

Modern Mobility Aids's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2015 was $0.09 Mil. Modern Mobility Aids's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2015 was $0.00 Mil. Modern Mobility Aids's Total Stockholders Equity for the quarter that ended in Mar. 2015 was $-0.45 Mil. Modern Mobility Aids's debt to equity for the quarter that ended in Mar. 2015 was -0.19.

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 Modern Mobility Aids's Debt-to-Equity or its related term are showing as below:

MDRM's Debt-to-Equity is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.485
* Ranked among companies with meaningful Debt-to-Equity only.

Modern Mobility Aids Debt-to-Equity Historical Data

The historical data trend for Modern Mobility Aids'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.

Modern Mobility Aids Debt-to-Equity Chart

Modern Mobility Aids Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Debt-to-Equity

-0.03

Modern Mobility Aids Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Debt-to-Equity	Get a 7-Day Free Trial															-	-0.03	-0.65	-0.47	-0.20

Competitive Comparison of Modern Mobility Aids's Debt-to-Equity

For the Health Information Services subindustry, Modern Mobility Aids'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.

Modern Mobility Aids's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Modern Mobility Aids's Debt-to-Equity distribution charts can be found below:

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

Modern Mobility Aids Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Modern Mobility Aids's Debt to Equity Ratio for the fiscal year that ended in Jun. 2014 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
	=	(0.02	+	0)	/	-0.667
	=	-0.03

Modern Mobility Aids's Debt to Equity Ratio for the quarter that ended in Mar. 2015 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
	=	(0.088	+	0)	/	-0.452
	=	-0.19

Modern Mobility Aids (OTCPK:MDRM) 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.

Modern Mobility Aids Debt-to-Equity Related Terms

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Modern Mobility Aids (Modern Mobility Aids) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Modern Mobility Aids Inc (OTCPK:MDRM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Bramsteele Road, Brampton, ON, CAN, L6W3K6

Website

https://www.modernmobilityaids.com

Modern Mobility Aids Inc plays a vital role in fostering telehealth innovation, driving technological advancements, and improving access to healthcare services. It is focused on investing in people, products, and ventures that challenge and disrupt the telehealth category.