Dynatronics (Dynatronics) Debt-to-Equity

: 0.45 (As of Dec. 2023)

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Dynatronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.21 Mil. Dynatronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.70 Mil. Dynatronics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $15.53 Mil. Dynatronics's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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

DYNT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.49 Max: 1.14
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Dynatronics was 1.14. The lowest was 0.17. And the median was 0.49.

DYNT's Debt-to-Equity is ranked worse than
70.13% of 713 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs DYNT: 0.45

Dynatronics Debt-to-Equity Historical Data

The historical data trend for Dynatronics'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.

Dynatronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.48

0.55

0.20

0.18

0.34

Dynatronics 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															0.27	0.31	0.34	0.43	0.45

Competitive Comparison

For the Medical Devices subindustry, Dynatronics'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.

Dynatronics Debt-to-Equity Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Dynatronics's Debt-to-Equity distribution charts can be found below:

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

Dynatronics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dynatronics'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
	=	(1.362	+	4.286)	/	16.857
	=	0.34

Dynatronics'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
	=	(3.212	+	3.697)	/	15.53
	=	0.44

Dynatronics (NAS:DYNT) 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.

Dynatronics Debt-to-Equity Related Terms

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Dynatronics (Dynatronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Dynatronics Corp (NAS:DYNT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1200 Trapp Road, Eagan, MN, USA, 55121

Website

https://www.dynatronics.com

Dynatronics Corp is a United States-based company that is engaged in designing, manufacturing, and distributing advanced-technology medical devices, therapeutic and medical treatment tables, rehabilitation equipment, custom athletic training treatment tables and equipment, institutional cabinetry as well as other rehabilitation and therapy products and supplies. The company markets and sells its products to physical therapists, chiropractors, athletic trainers, sports medicine practitioners, and other medical professionals and institutions. It offers customers a one-stop-shop for their medical equipment and supply needs, including electrotherapy, therapeutic ultrasound, phototherapy, rehabilitation products, treatment tables, customized training room products, and exercise products.

Executives

Gabriel Ellwein	officer: Chief Financial Officer	4782 HIGHCROFT COURT, EAGAN MN 55122
John Anthony Krier	director, officer: Chief Executive Officer	319 WEST 50TH SOUTH, MINNEAPOLIS MN 55419
David B Holtz	director	311 C ENTERPRISE DRIVE, PLAINSBORO NJ 08536
Scott Klosterman	director
R Scott Ward	director	1064 S. CRESTVIEW CIRCLE, SLC VA 84108
Stuart Essig	10 percent owner	311 C ENTERPRISE DRIVE, PLAINSBORO NJ 08536
Erin S. Enright	director	666 PLAINSBORO ROAD, PLAINSBORO NJ 08536
Brian Larkin	director	INTEGRA LIFESCIENCES CORPORATION, 311 ENTERPRISE DRIVE, PLAINSBORO NJ 08536
Brian D. Baker	officer: Chief Operating Officer	C/O SEASPINE HOLDINGS CORPORATION, 2302 LA MIRADA DRIVE, VISTA CA 92081
Provco Ventures 1 Lp	10 percent owner	795 E LANCASTER AVE SUITE 200, VILLANOVA PA 19085
Norman Iii Roegner	officer: Chief Financial Officer	1200 TRAPP ROAD, EAGAN MN 55121
Skyler N Black	officer: Corporate Controller	1448 E LEXI LN, COTTONWOOD HEIGHTS UT 84093
Keeler Jennifer Bennett Bennett	officer: Secretary / General Counsel	8620 STILLWATER BLVD N, LAKE ELMO MN 55042
Daryl Connell	officer: Chief Information Officer	932 MINJON DRIVE, APPLE VALLEY MN 55124
Cynthia L. Mchenry	officer: VP, Operations	7030 PARK CENTRE DRIVE, COTTONWOOD HEIGHTS UT 84121