Aurora Spine (Aurora Spine) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is Aurora Spine Debt-to-Equity?

Aurora Spine's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.23 Mil. Aurora Spine's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.42 Mil. Aurora Spine's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5.30 Mil. Aurora Spine's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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

ASAPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.69 Max: 1.37
Current: 0.69

During the past 11 years, the highest Debt-to-Equity Ratio of Aurora Spine was 1.37. The lowest was 0.46. And the median was 0.69.

ASAPF's Debt-to-Equity is ranked worse than
81.52% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs ASAPF: 0.69

Aurora Spine Debt-to-Equity Historical Data

The historical data trend for Aurora Spine'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.

Aurora Spine Debt-to-Equity Chart

Aurora Spine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.36

0.71

0.46

0.69

Aurora Spine 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															0.69	0.67	0.94	0.99	0.69

Competitive Comparison of Aurora Spine's Debt-to-Equity

For the Medical Devices subindustry, Aurora Spine'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.

Aurora Spine's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

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

Aurora Spine Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aurora Spine'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
	=	(0.231	+	3.415)	/	5.297
	=	0.69

Aurora Spine'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
	=	(0.231	+	3.415)	/	5.297
	=	0.69

Aurora Spine (OTCPK:ASAPF) 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.

Aurora Spine Debt-to-Equity Related Terms

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Aurora Spine (Aurora Spine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aurora Spine Corp (OTCPK:ASAPF) » Definitions » Debt-to-Equity

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ASG:Canada

Address

20 Holly Street, Suite 300, Toronto, ON, CAN, M4S 3B1

Website

https://www.aurora-spine.com

Aurora Spine Corp is engaged in the business of the development and commercialization of minimally invasive interspinous fusion systems and devices. The product portfolio includes implants, surgical tools, and biologics. It derives revenues primarily from the sale of spinal surgery implants, consumable products used in spinal surgeries, and service revenue for referring products to its customers.