Cemtrex (Cemtrex) Debt-to-Equity : 4.14 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Cemtrex Debt-to-Equity?

Cemtrex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.80 Mil. Cemtrex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.19 Mil. Cemtrex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.76 Mil. Cemtrex's debt to equity for the quarter that ended in Dec. 2023 was 4.14.

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

CETX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.53 Max: 6.36
Current: 4.14

During the past 13 years, the highest Debt-to-Equity Ratio of Cemtrex was 6.36. The lowest was 0.23. And the median was 0.53.

CETX's Debt-to-Equity is ranked worse than
96.8% of 2221 companies
in the Software industry
Industry Median: 0.21 vs CETX: 4.14

Cemtrex Debt-to-Equity Historical Data

The historical data trend for Cemtrex'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.

Cemtrex Debt-to-Equity Chart

Cemtrex Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.24

0.55

0.41

0.36

3.48

Cemtrex 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															0.60	0.84	0.77	3.48	4.14

Competitive Comparison of Cemtrex's Debt-to-Equity

For the Software - Infrastructure subindustry, Cemtrex'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.

Cemtrex's Debt-to-Equity Distribution in the Software Industry

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

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

Cemtrex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cemtrex's Debt to Equity Ratio for the fiscal year 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
	=	(15.209	+	11.537)	/	7.688
	=	3.48

Cemtrex'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
	=	(19.803	+	8.187)	/	6.755
	=	4.14

Cemtrex (NAS:CETX) 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.

Cemtrex Debt-to-Equity Related Terms

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

Cemtrex (Cemtrex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cemtrex Inc (NAS:CETX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CETXP.PFD:USA C42:Germany

Address

135 Fell Ct. Hauppaug, New York, NY, USA, 11222

Website

https://www.cemtrex.com

Cemtrex Inc is a multi-industry technology company. It has expanded in a range of sectors, including smart technologies, virtual and augmented realities, industrial solutions, and intelligent security system. The company's operating segment includes the Security segment, Industrial Services segment and the Corporate segment. It generates maximum revenue from the Security segment. It geographically operates in USA, UK and India wherein maximum revenue is generated in USA.

Executives

Saagar Govil	director, officer: Secretary and Director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Renato Dela Rama	officer: VP of Finance /CFO	19 ENGINEERS LANE, FARMINGDALE NY 11735
Shamik Shah	director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Ducon Technologies, Inc.	other: See remarks	19 ENGINEERS LANE, FARMINGDALE NY 11735
Sunny Patel	director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Metodi Filipov	director, officer: Vice President Operations	19 ENGINEERS LANE, FARMINGDALE NY 11735
Arun Govil	director, officer: See Remarks	19 ENGINEERS LANE, FARMINGDALE NY 11735
Rama Rehato Dela	director, officer: Vice President and Director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Ravi Narayan	director, officer: VICE PRESIDENT AND DIRECTOR	19 ENGINEERS LANE, FARMINGDALE NY 11735