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Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT). Eyenovia's Degree of Financial Leverage for the quarter that ended in Jun. 2024 was 0.27. The higher Degree of Financial Leverage, the more volatile earnings will be.
The industry rank for Eyenovia's Degree of Financial Leverage or its related term are showing as below:
The historical data trend for Eyenovia's Degree of Financial Leverage 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.
Eyenovia Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Degree of Financial Leverage | Get a 7-Day Free Trial | -0.66 | 5.68 | 1.26 | 0.56 | 3.46 |
Eyenovia Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Degree of Financial Leverage | Get a 7-Day Free Trial | 0.52 | 0.63 | 3.46 | -0.13 | 0.27 |
For the Biotechnology subindustry, Eyenovia's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage 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.
For the Biotechnology industry and Healthcare sector, Eyenovia's Degree of Financial Leverage distribution charts can be found below:
* The bar in red indicates where Eyenovia's Degree of Financial Leverage falls into.
Eyenovia's Degree of Financial Leverage for the quarter that ended in Jun. 2024 is calculated as:
Degree of Financial Leverage | = | % Change in Earnings per Share (Diluted)** | / | % Change in EBIT |
= | ( -0.78 (Jun. 2024) / -0.69 (Jun. 2023) - 1 ) | / | ( -34.57 (Jun. 2024) / -23.294 (Jun. 2023) - 1 ) | |
= | 0.1304 | / | 0.4841 | |
= | 0.27*** |
* 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.
** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Eyenovia (NAS:EYEN) Degree of Financial Leverage Explanation
Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.
The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.
Be Aware
The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.
Thank you for viewing the detailed overview of Eyenovia's Degree of Financial Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael M Rowe | director, officer: Chief Executive Officer | C/O EYENOVIA, INC., 501 FIFTH AVENUE, SUITE 1404, NEW YORK NY 10017 |
Stuart M. Grant | 10 percent owner | 11 SUMMIT LANE, GREENVILLE DE 19807 |
Ellen R Strahlman | director | ALTRIA GROUP, INC., 6601 W. BROAD STREET, RICHMOND VA 23230 |
Ram Palanki | director | C/O EYENOVIA, INC, 295 MADISON AVENUE SUITE 2400, NEW YORK NY 10017 |
Rachel Jacobson | director | C/O EYENOVIA INC, 295 MADISON AVENUE SUITE 2400, NEW YORK NY 10017 |
John P Gandolfo | officer: Chief Financial Officer | 62 TERRACE ROAD, WAYNE NJ 07470 |
Bren Kern | officer: Chief Operating Officer | 295 MADISON AVENUE, SUITE 2400, C/O EYENOVIA, INC., NEW YORK NY 10017 |
Mather Charles E Iv | director | C/O TONIX PHARMACEUTICALS HOLDING CORP, 509 MADISON AVE., SUITE 306, NEW YORK NY 10022 |
Tsontcho Ianchulev | director | 501 FIFTH AVENUE, SUITE 1404, NEW YORK NY 10017 |
Stephen Keith Benjamin | director | 135 NORTH CHURCH STREET, SPARTANBURG SC 29306 |
Julia A Haller | director | C/O CELGENE CORPORATION, 86 MORRIS AVENUE, SUMMIT NJ 07901 |
Lee Kenneth B Jr | director | 7100 WEST CREDIT AVENUE, SUITE 101, C/O ARALEZ PHARMACEUTICALS INC., MISSISSAUGA A6 L5N 0E4 |
Curt H Labelle | director | C/O INVESTOR GROWTH CAPITAL, INC., 630 FIFTH AVENUE, SUITE 1965, NEW YORK NY 10011 |
Anthony Y Sun | director | C/O AISLING CAPITAL, 888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10106 |
Fredric N Eshelman | director | PPD INC, 929 NORTH FRONT STREET, WILMINGTON NC 28401 |
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