LogicMark (LogicMark) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is LogicMark Debt-to-Equity?

LogicMark's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.07 Mil. LogicMark's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. LogicMark's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14.91 Mil. LogicMark's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

LGMK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.9 Max: 5.33
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of LogicMark was 5.33. The lowest was 0.00. And the median was 0.90.

LGMK's Debt-to-Equity is ranked better than
99.82% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs LGMK: 0.01

LogicMark Debt-to-Equity Historical Data

The historical data trend for LogicMark'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.

LogicMark Debt-to-Equity Chart

LogicMark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.39

0.97

0.01

LogicMark 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															-	-	-	-	0.01

Competitive Comparison of LogicMark's Debt-to-Equity

For the Health Information Services subindustry, LogicMark'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.

LogicMark's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

LogicMark Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LogicMark'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
	=	(0.068	+	0)	/	14.913
	=	0.00

LogicMark'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
	=	(0.068	+	0)	/	14.913
	=	0.00

LogicMark (NAS:LGMK) 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.

LogicMark Debt-to-Equity Related Terms

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

LogicMark (LogicMark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LogicMark Inc (NAS:LGMK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2801 Diode Lane, Louisville, KY, USA, 40299

Website

https://www.logicmark.com

LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.

Executives

Carine Schneider	director	C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Robert Arthur Curtis	director	C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817
Barbara Gutierrez	director	8950 E. LOWRY BLVD., DENVER CO 80230
John P Pettitt	director	3031 TISCH WAY, STE 900, SAN JOSE CA 95128
Sherice Torres	director	PO BOX 20833, SAN JOSE CA 95160
Mark Archer	officer: Chief Financial Officer	C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Chia-lin Simmons	director, officer: Chief Executive Officer	288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478
Michael Joseph Orlando	director, officer: Chief Operating Officer	1806 145TH PL SE, MILL CREEK WA 98012
C. David Tunnell	director, 10 percent owner, officer: Chief Technology Officer	1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909
Worldventures Holdings, Llc	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Wayne Tilman Nugent	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Stanley Eric Washington	director	3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043
Vincent S Miceli	officer: Vice President and CFO	87 GRANDVIEW AVENUE, WATERBURY CT 06708
Daniel P Sharkey	director
Michael D'almada-remedios	director	5610 TROON COURT, DISCOVERY BAY CA 94505-9299