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Lantronix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.9 Mil. Lantronix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $24.2 Mil. Lantronix's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $76.8 Mil. Lantronix's debt to equity for the quarter that ended in Dec. 2023 was 0.38.
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 Lantronix's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Lantronix was 0.67. The lowest was 0.00. And the median was 0.05.
The historical data trend for Lantronix'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.
Lantronix Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | - | 0.18 | 0.13 | 0.30 | 0.40 |
Lantronix 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 | 0.42 | 0.39 | 0.40 | 0.39 | 0.38 |
For the Communication Equipment subindustry, Lantronix'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.
For the Hardware industry and Technology sector, Lantronix's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lantronix's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Lantronix'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 | |
= | (4.602 | + | 26.646) | / | 77.556 | |
= | 0.40 |
Lantronix'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 | |
= | (4.916 | + | 24.167) | / | 76.776 | |
= | 0.38 |
* 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.
Lantronix (NAS:LTRX) 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.
Thank you for viewing the detailed overview of Lantronix's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Philip G Brace | director | LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035 |
Eric Bass | officer: VP of Engineering | 48 DISCOVERY, SUITE 250, IRVINE CA 92618 |
Hoshi Printer | director | C/O LANTRONIX, INC., 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92518 |
Paul F Folino | director | ONE ENTERPRISE, ALISO VIEJO CA 92656 |
Jason Cohenour | director | 47669 FREMONT BLVD, FREMONT CA 94538 |
Phu Hoang | director | 48 DISCOVERY, SUITE 250, IRVINE CA 92618 |
Jeremy Whitaker | officer: Chief Financial Officer and Co | 15353 BARRANCA PARKWAY, IRVINE CA 92618 |
Paul H Pickle | director, officer: President & CEO | 200 FLYNN ROAD, CAMARILLO CA 93012 |
Fathi Hakam | officer: Vice President of Engineering | 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618 |
Roger Holliday | officer: VP of Worldwide Sales | 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618 |
Heidi Nguyen | director | C/O LANTRONIX, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA IRVINE |
Bernhard Bruscha | director, 10 percent owner | LANTRONIX INC, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618 |
Hale Martin M Jr | director, 10 percent owner | |
Margaret A Evashenk | director | EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626 |
Kevin Yoder | officer: VP of Worldwide Sales | 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618 |
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