ORBCOMM (ORBCOMM) Debt-to-Equity

: 1.07 (As of Jun. 2021)

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ORBCOMM's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $15.2 Mil. ORBCOMM's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $191.1 Mil. ORBCOMM's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $192.2 Mil. ORBCOMM's debt to equity for the quarter that ended in Jun. 2021 was 1.07.

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

ORBC's Debt-to-Equity is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 0.66
* Ranked among companies with meaningful Debt-to-Equity only.

ORBCOMM Debt-to-Equity Historical Data

The historical data trend for ORBCOMM'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.

ORBCOMM Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

0.53

1.00

0.96

1.06

ORBCOMM Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Debt-to-Equity																1.12	1.14	1.06	1.11	1.07

Competitive Comparison

For the Telecom Services subindustry, ORBCOMM'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.

ORBCOMM Debt-to-Equity Distribution

For the Telecommunication Services industry and Communication Services sector, ORBCOMM's Debt-to-Equity distribution charts can be found below:

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

ORBCOMM Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ORBCOMM's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(12.736	+	208.297)	/	207.95
	=	1.06

ORBCOMM's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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
	=	(15.244	+	191.065)	/	192.188
	=	1.07

ORBCOMM (NAS:ORBC) 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.

ORBCOMM Debt-to-Equity Related Terms

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ORBCOMM (ORBCOMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » ORBCOMM Inc (NAS:ORBC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

395 W. Passaic Street, Suite 325, Rochelle Park, NJ, USA, 07662

Website

https://www.orbcomm.com

ORBCOMM Inc is a satellite communications company that primarily provides machine-to-machine communication, which is designed to track, monitor, and control fixed and mobile assets. The company operates in such markets as transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. The company earns revenue across the United States, South America, Japan, and Europe, with the majority from the U.S. The company owns telecommunications infrastructure, specifically low Earth orbit satellites and accompanying ground infrastructure.

Executives

Karen O. Gould	director	C/O ORBCOMM INC. 395 W. PASSAIC STREET ROCHELLE PARK NJ 07662
Denise W. Gibson	director	140 SCHOOL STREET, LIBERTYVILLE IL 60048
Milcos Constantine	officer: EVP and CFO	C/O ORBCOMM, INC., 395 W. PASSAIC STREET SUITE 325 ROCHELLE PARK NJ 07662
Craig Malone	officer: EVP of Product Development	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Marc Eisenberg	officer: Chief Marketing Officer	C/O ORBCOMM INC., 395 W PASSAIC STREET, SUITE 325, ROCHELLE PARK NJ 07662
Brun Christian Le	officer: EVP, General Counsel & Sec.	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Stolte John J Jr	officer: EVP-Technology & Operations	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Jerome B Eisenberg	director, officer: Chairman, CEO and President	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
John E Major	director	C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Timothy Kelleher	director	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Phillip Gross	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116