Nano X Imaging (Nano X Imaging) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Nano X Imaging Debt-to-Equity?

Nano X Imaging's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.35 Mil. Nano X Imaging's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.05 Mil. Nano X Imaging's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $195.51 Mil. Nano X Imaging's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Nano X Imaging's Debt-to-Equity or its related term are showing as below:

NNOX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.06 Med: 0.02 Max: 0.04
Current: 0.04

During the past 6 years, the highest Debt-to-Equity Ratio of Nano X Imaging was 0.04. The lowest was -0.06. And the median was 0.02.

NNOX's Debt-to-Equity is ranked better than
84.55% of 712 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs NNOX: 0.04

Nano X Imaging Debt-to-Equity Historical Data

The historical data trend for Nano X Imaging'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.

Nano X Imaging Debt-to-Equity Chart

Nano X Imaging Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.06

0.01

0.02

0.04

Nano X Imaging Quarterly Data
	Dec18	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															0.02	0.02	0.02	0.03	0.04

Competitive Comparison of Nano X Imaging's Debt-to-Equity

For the Medical Devices subindustry, Nano X Imaging'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.

Nano X Imaging's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

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

Nano X Imaging Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nano X Imaging'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
	=	(4.351	+	4.045)	/	195.514
	=	0.04

Nano X Imaging'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
	=	(4.351	+	4.045)	/	195.514
	=	0.04

Nano X Imaging (NAS:NNOX) 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.

Nano X Imaging Debt-to-Equity Related Terms

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Nano X Imaging (Nano X Imaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nano X Imaging Ltd (NAS:NNOX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Communications Center, Neve Ilan, Jerusalem, ISR, 9085000

Website

https://www.nanox.vision

Nano X Imaging Ltd is engaged in the business of manufacturing medical imaging systems. It offers a Nanox System which is a combination of hardware and software. It develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that will allow for the delivery of medical screening as a service.