Romeo Power (Romeo Power) Debt-to-Equity : 0.13 (As of Jun. 2022)

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What is Romeo Power Debt-to-Equity?

Romeo Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1.95 Mil. Romeo Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $24.71 Mil. Romeo Power's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $210.89 Mil. Romeo Power's debt to equity for the quarter that ended in Jun. 2022 was 0.13.

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

RMO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 6.27
Current: 0.13

During the past 3 years, the highest Debt-to-Equity Ratio of Romeo Power was 6.27. The lowest was 0.02. And the median was 0.07.

RMO's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs RMO: 0.13

Romeo Power Debt-to-Equity Historical Data

The historical data trend for Romeo Power'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.

Romeo Power Debt-to-Equity Chart

Romeo Power Annual Data

Trend

Dec19

Dec20

Dec21

Debt-to-Equity

6.27

0.05

0.10

Romeo Power Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Debt-to-Equity	Get a 7-Day Free Trial						0.03	0.02	0.10	0.12	0.13

Competitive Comparison of Romeo Power's Debt-to-Equity

For the Auto Parts subindustry, Romeo Power'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.

Romeo Power's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Romeo Power's Debt-to-Equity distribution charts can be found below:

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

Romeo Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Romeo Power's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.343	+	25.653)	/	279.151
	=	0.10

Romeo Power's Debt to Equity Ratio for the quarter that ended in Jun. 2022 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
	=	(1.95	+	24.714)	/	210.893
	=	0.13

Romeo Power (NYSE:RMO) 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.

Romeo Power Debt-to-Equity Related Terms

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

Romeo Power (Romeo Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Romeo Power Inc (NYSE:RMO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4380 Ayers Avenue, Vernon, CA, USA, 90058

Website

https://www.romeopower.com

Romeo Power Inc is an energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Through its energy-dense battery modules and packs, Romeo Power enables large-scale sustainable transportation by delivering safer, longer-lasting batteries with a longer range and shorter charge times. With greater energy density, the company can create lightweight and efficient solutions that deliver superior performance, and provide improved acceleration, range, safety, and durability. Its modules and packs are customizable and scalable and they are optimized by its proprietary battery management system.

Executives

Borgwarner Inc	10 percent owner	3850 HAMLIN RD., AUBURN HILLS MI 48326
Rose F Rogers	officer: Chief People Officer	23301 WILMINGTON AVE., CARSON CA 90745-6209
Anne Devine	officer: Chief Operating Officer	4380 AYERS AVENUE VERNON CA 90058
Laurene H Horiszny	director	C/O ROMEO POWER INC., 4380 AYERS AVENUE, VERNON CA 90058
Matthew Sant	officer: General Counsel and Secretary	C/O ROMEO POWER, INC. 4380 AYERS AVENUE VERNON CA 90058
Kerry A Shiba	officer: Chief Financial Officer	5847 SAN FELIPE SUITE 2500, HOUSTON TX 77057
Yun Han	officer: Chief Accounting Officer	1449 HAMPTON ROAD, SAN MARINO CA 91108
Michael Patterson	officer: Chief Sales Officer	4380 AYERS AVENUE VERNON CA 90058
Selwood Lionel E. Jr.	director, officer: President, CEO and Director	4380 AYERS AVENUE VERNON CA 90058
Brady D Ericson	director	3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Criswell Choi	officer: Chief Operating Officer	4380 AYERS AVENUE VERNON CA 90058
Lauren Webb	director, officer: CFO and Director	4380 AYERS AVENUE VERNON CA 90058
El Srouji Abdul Kader	officer: Chief Technology Officer	414 RAINBOW AVENUE LOS ANGELES CA 90065
Susan Seilheimer Brennan	director	1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Donald S. Gottwald	director	C/O ROMEO POWER, INC., 4380 AYERS AVENUE, VERNON CA 90058