Metalert (Metalert) Debt-to-Equity : -0.86 (As of Sep. 2023)

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What is Metalert Debt-to-Equity?

Metalert's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.92 Mil. Metalert's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.14 Mil. Metalert's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-3.56 Mil. Metalert's debt to equity for the quarter that ended in Sep. 2023 was -0.86.

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

MLRT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.88 Med: -0.67 Max: -0.15
Current: -0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Metalert was -0.15. The lowest was -0.88. And the median was -0.67.

MLRT's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs MLRT: -0.86

Metalert Debt-to-Equity Historical Data

The historical data trend for Metalert'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.

Metalert Debt-to-Equity Chart

Metalert Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.71

-0.64

-0.65

-0.69

-0.74

Metalert Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.73	-0.74	-0.71	-0.75	-0.86

Competitive Comparison of Metalert's Debt-to-Equity

For the Communication Equipment subindustry, Metalert'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.

Metalert's Debt-to-Equity Distribution in the Hardware Industry

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

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

Metalert Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metalert's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.298	+	0.142)	/	-3.313
	=	-0.74

Metalert's Debt to Equity Ratio for the quarter 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
	=	(2.917	+	0.138)	/	-3.555
	=	-0.86

Metalert (OTCPK:MLRT) 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.

Metalert Debt-to-Equity Related Terms

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

Metalert (Metalert) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metalert Inc (OTCPK:MLRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 1214, Los Angeles, CA, USA, 90015

Website

https://www.metalert.com

Metalert Inc along with its subsidiaries, is engaged in the designing, development, manufacturing, distribution, and sales of products and services in the GPS and BLE wearable technology personal location and wandering assistive technology business. Its Products and services include GPS SmartSole, Take-Along Tracker 4G, Track My Workforce, Sole Protector for GPS Smart sole, Take-Along Friends & the Invisabelt, Protective Medical devices & supplies, and VeriTap. The company generates revenue from product sales, recurring subscriptions, software, and intellectual property (IP) licensing, fees for custom hardware and software development, professional consulting, and support & maintenance services.

Executives

Louis Martin Rosenbaum	director	117 W. 9TH STREET, #1214, LOS ANGELES CA 90024
Alex Grimes Mckean	officer: Interim CFO	1525 MONTANA AVENUE #C, SANTA MONICA CA 90403
Williams H Murray	officer: Chief Financial Officer	28426 RANCHO GRANDE, LAGUNA NIGUEL CA 92677
Patrick Aroff	director	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Andrew Hamish Duncan	director	117 W 9TH STREET #1214, LOS ANGELES CA 90015
Gregory Jeremiah Provenzano	director	117 W 9TH STREET #1214, LOS ANGELES CA 90015
Multi Media Technology Ventures, Ltd.	10 percent owner	668 N. COAST HWY, STE 191, LAGUNA BEACH CA 92651
Christopher M Walsh	officer: Chief Operations Officer	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Patrick Bertagna	director, officer: President, CEO	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Jeff Sharpe	director, 10 percent owner, officer: President,Secretary,Treasurer	6348 49TH AVENUE, LADNER A1 V4K 5A1