Advanced Container Technologies (Advanced Container Technologies) Debt-to-Equity : 0.89 (As of Sep. 2022)

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What is Advanced Container Technologies Debt-to-Equity?

Advanced Container Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.82 Mil. Advanced Container Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.33 Mil. Advanced Container Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $1.29 Mil. Advanced Container Technologies's debt to equity for the quarter that ended in Sep. 2022 was 0.89.

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

ACTX's Debt-to-Equity is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Advanced Container Technologies Debt-to-Equity Historical Data

The historical data trend for Advanced Container 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.

Advanced Container Technologies Debt-to-Equity Chart

Advanced Container Technologies Annual Data

Trend

Jun00

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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-0.89

0.56

1.11

0.55

0.36

Advanced Container Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.36	0.33	0.35	0.89

Competitive Comparison of Advanced Container Technologies's Debt-to-Equity

For the Packaging & Containers subindustry, Advanced Container 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.

Advanced Container Technologies's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advanced Container Technologies's Debt-to-Equity distribution charts can be found below:

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

Advanced Container Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advanced Container Technologies'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
	=	(0.689	+	0)	/	1.926
	=	0.36

Advanced Container Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.824	+	0.329)	/	1.293
	=	0.89

Advanced Container Technologies (OTCPK:ACTX) 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.

Advanced Container Technologies Debt-to-Equity Related Terms

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Advanced Container Technologies (Advanced Container Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advanced Container Technologies Inc (OTCPK:ACTX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1620 Commerce Street, Suite A, Corona, CA, USA, 92878

Website

https://www.advancedcontainertechnologies.com

Advanced Container Technologies Inc is in the business of selling and marketing proprietary plastic medical grade containers in the United States. The company's flagship product is Medtainer, which can store grind and shred pharmaceuticals, herbs, teas, and other solids or liquids. It's another product is GrowPods, which are specially modified insulated shipping containers in which plants, herbs, and spices may be grown hydroponically in a controlled environment. Its other products include Humidity pack inserts, Plastic lighter holders, Jars, and Lighters.