Akoustis Technologies (Akoustis Technologies) Debt-to-Equity : 0.82 (As of Dec. 2023)

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What is Akoustis Technologies Debt-to-Equity?

Akoustis Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.48 Mil. Akoustis Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43.72 Mil. Akoustis Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $53.77 Mil. Akoustis Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

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

AKTS' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.74 Med: 0.54 Max: 1.3
Current: 0.82

During the past 11 years, the highest Debt-to-Equity Ratio of Akoustis Technologies was 1.30. The lowest was -0.74. And the median was 0.54.

AKTS's Debt-to-Equity is ranked worse than
81.57% of 2197 companies
in the Hardware industry
Industry Median: 0.28 vs AKTS: 0.82

Akoustis Technologies Debt-to-Equity Historical Data

The historical data trend for Akoustis Technologies'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.

Akoustis Technologies Debt-to-Equity Chart

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.70

0.58

0.43

0.53

Akoustis Technologies 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															0.56	0.45	0.53	0.65	0.82

Competitive Comparison of Akoustis Technologies's Debt-to-Equity

For the Communication Equipment subindustry, Akoustis Technologies'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.

Akoustis Technologies's Debt-to-Equity Distribution in the Hardware Industry

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

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

Akoustis Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akoustis Technologies's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.439	+	44.99)	/	86.239
	=	0.53

Akoustis Technologies'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
	=	(0.478	+	43.715)	/	53.769
	=	0.82

Akoustis Technologies (NAS:AKTS) 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.

Akoustis Technologies Debt-to-Equity Related Terms

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Akoustis Technologies (Akoustis Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (NAS:AKTS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AVH:Germany AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

Executives

David Aichele	officer: VP of Business Development	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Kenneth Boller	officer: Interim CFO	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Steven Denbaars	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Michelle Petock	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Jeffrey B. Shealy	director, 10 percent owner, officer: Chief Executive Officer	9805 NORTHCROSS CENTER CT, SUITE A, HUNTERSVILLE NC 28078
James Michael Mcguire	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Suzanne B Rudy	director	7628 THORNDIKE RD, GREENSBORO NC 27409
Arthur Geiss	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Rohan Houlden	officer: Chief Product Officer	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 27078
Jeffrey Mcmahon	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Jerry D Neal	director
Steven P Miller	director	C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
John T Kurtzweil	director	C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Mark N. Tompkins	10 percent owner	APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Mark Boomgarden	officer: Vice President of Operations	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078