Sonim Technologies (Sonim Technologies) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Sonim Technologies Debt-to-Equity?

Sonim Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil. Sonim Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Sonim Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $22.37 Mil. Sonim Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 7 years, the highest Debt-to-Equity Ratio of Sonim Technologies was 2.63. The lowest was -1.12. And the median was 0.01.

SONM's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Sonim Technologies Debt-to-Equity Historical Data

The historical data trend for Sonim 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.

Sonim Technologies Debt-to-Equity Chart

Sonim Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.01

Sonim 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															0.01	0.02	0.01	0.01	-

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

For the Communication Equipment subindustry, Sonim 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.

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

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

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

Sonim Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sonim Technologies's Debt to Equity Ratio for the fiscal year 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
	=	(0.055	+	0)	/	22.368
	=	0.00

Sonim 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
	=	(0.055	+	0)	/	22.368
	=	0.00

Sonim Technologies (NAS:SONM) 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.

Sonim Technologies Debt-to-Equity Related Terms

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

Sonim Technologies (Sonim Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

2W9A:Germany

Address

4445 Eastgate Mall, Suite 200, San Diego, CA, USA, 92121

Website

https://www.sonimtech.com

Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

Executives

Clayton Crolius	officer: Chief Financial Officer	15212 E MELANIE DR., SCOTTSDALE AZ 85262
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Jeffrey Wang	director	20051 NORTHWOOD DRIVE, CUPERTINO CA 95014
Ajp Holding Company, Llc	10 percent owner	2140 S. DUPONT HIGHWAY, CAMDEN DE 19934
Robert L. Tirva	officer: President, CFO and COO	C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Jose Carlos Principe	director	5094 NW 58TH ST, GAINESVILLE FL 32653
Jack Steenstra	director	9208 FOSTORIA CT., SAN DIEGO CA 92127
Hao Peter Liu	officer: Chief Executive Officer	6836 BEE CAVE ROAD, BUILDING 1, SUITE 2, AUSTIN TX 78746
James S Cassano	director	1200 RIVER ROAD, SUITE 1302, CONSHOHOCKEN PA 19428
Susan Swenson	director	C/O PALM INC, 5470 GREAT AMERICAN PARKWAY MS12116, SANTA CLARA CA 95052
John Kneuer	director	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Stanley Morgan	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
Michael C Mulica	director
Kenneth Dale Naumann	director	6836 BEE CAVE ROAD, BUILDING 1, SUITE 279, AUSTIN TX 78746