60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is 60 Degrees Pharmaceuticals Debt-to-Equity?

60 Degrees Pharmaceuticals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. 60 Degrees Pharmaceuticals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.15 Mil. 60 Degrees Pharmaceuticals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4.87 Mil. 60 Degrees Pharmaceuticals's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 60 Degrees Pharmaceuticals's Debt-to-Equity or its related term are showing as below:

SXTPW' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.07 Med: -0.93 Max: 0.04
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of 60 Degrees Pharmaceuticals was 0.04. The lowest was -1.07. And the median was -0.93.

SXTPW's Debt-to-Equity is ranked better than
77.09% of 1065 companies
in the Biotechnology industry
Industry Median: 0.14 vs SXTPW: 0.04

60 Degrees Pharmaceuticals Debt-to-Equity Historical Data

The historical data trend for 60 Degrees Pharmaceuticals'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.

60 Degrees Pharmaceuticals Debt-to-Equity Chart

60 Degrees Pharmaceuticals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.91

-1.07

-0.95

0.04

60 Degrees Pharmaceuticals Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-0.95	-1.27	-1.17	0.03	0.04

Competitive Comparison of 60 Degrees Pharmaceuticals's Debt-to-Equity

For the Biotechnology subindustry, 60 Degrees Pharmaceuticals'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.

60 Degrees Pharmaceuticals's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 60 Degrees Pharmaceuticals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 60 Degrees Pharmaceuticals's Debt-to-Equity falls into.

60 Degrees Pharmaceuticals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

60 Degrees Pharmaceuticals's Debt to Equity Ratio for the fiscal year 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
	=	(0.022	+	0.15)	/	4.87
	=	0.04

60 Degrees Pharmaceuticals'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
	=	(0.022	+	0.15)	/	4.87
	=	0.04

60 Degrees Pharmaceuticals (NAS:SXTPW) 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.

60 Degrees Pharmaceuticals Debt-to-Equity Related Terms

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60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 60 Degrees Pharmaceuticals Inc (NAS:SXTPW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SXTP:USA

Address

1025 Connecticut Avenue NW, Suite 1000, Washington, D.C, WA, USA, 20036

Website

https://www.60degreespharma.com

60 Degrees Pharmaceuticals Inc operates as a specialty pharmaceutical company with the goal of using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The firm's pipeline products under development cover development programs for COVID-19, fungal, tick-borne, and other viral diseases through Arakoda and Celgosivir.