Dirtt Environmental Solutions (Dirtt Environmental Solutions) Debt-to-Equity

: 12.61 (As of Dec. 2023)

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Dirtt Environmental Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.1 Mil. Dirtt Environmental Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $83.5 Mil. Dirtt Environmental Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7.1 Mil. Dirtt Environmental Solutions's debt to equity for the quarter that ended in Dec. 2023 was 12.61.

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 Dirtt Environmental Solutions's Debt-to-Equity or its related term are showing as below:

DRTTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 12.61
Current: 12.61

During the past 11 years, the highest Debt-to-Equity Ratio of Dirtt Environmental Solutions was 12.61. The lowest was 0.05. And the median was 0.14.

DRTTF's Debt-to-Equity is ranked worse than
99.47% of 1503 companies
in the Construction industry
Industry Median: 0.43 vs DRTTF: 12.61

Dirtt Environmental Solutions Debt-to-Equity Historical Data

The historical data trend for Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.17

0.35

1.54

5.50

12.61

Dirtt Environmental Solutions 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																5.50	14.51	8.95	16.39	12.61

Competitive Comparison

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Debt-to-Equity Distribution

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dirtt Environmental Solutions's Debt-to-Equity falls into.

Dirtt Environmental Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dirtt Environmental Solutions'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
	=	(6.096	+	83.468)	/	7.101
	=	12.61

Dirtt Environmental Solutions'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
	=	(6.096	+	83.468)	/	7.101
	=	12.61

Dirtt Environmental Solutions (OTCPK:DRTTF) 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.

Dirtt Environmental Solutions Debt-to-Equity Related Terms

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Dirtt Environmental Solutions (Dirtt Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dirtt Environmental Solutions Ltd (OTCPK:DRTTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DRT:Canada

Address

7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6

Website

https://www.dirtt.net

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.

Executives

Shaun Noll	director	55 SPEAR STREET, 42ND FLOOR, SAN FRANCISCO CA 94101
Fareeha Khan	officer: Chief Financial Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Kenneth D Sanders	director	338 SPEAR STREET #31-C, SAN FRANCISCO CA 94105
Nandini Somayaji	officer: See Remarks	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Mark Greffen	officer: See Remarks	7303 30 ST. S.E., CALGARY A0 T2C 1N6
Scott L Robinson	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Benjamin Nicholas Urban	director, officer: Chief Executive Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Aron R. English	director	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Mitchell Cory	director	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Jeffery Dopheide	officer: Chief Revenue Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Richard J Hunter	officer: Chief Operating Officer	511 E JOHN CARPENTER FREEWAY, SUITE 600, IRVING TX 75062
Bradley Scott Little	officer: Chief Financial Officer	7303 30 ST SE, CALGARY A0 T2C 1N6
Douglas A Edwards	director	2218 ALTA AVE., LOUISVILLE KY 40205
Scott C Ryan	director	4745 N. 7TH STREET, SUITE 310, PHOENIX AZ 85014
Mary Garden	director	480 BROOKHAVEN RD, VICTORIA A1 V9E 2A5