Galaxy Next Generation (Galaxy Next Generation) Debt-to-Equity : -1.18 (As of Mar. 2023)

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What is Galaxy Next Generation Debt-to-Equity?

Galaxy Next Generation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $4.23 Mil. Galaxy Next Generation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2.76 Mil. Galaxy Next Generation's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-5.91 Mil. Galaxy Next Generation's debt to equity for the quarter that ended in Mar. 2023 was -1.18.

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 Galaxy Next Generation's Debt-to-Equity or its related term are showing as below:

GAXY's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Galaxy Next Generation Debt-to-Equity Historical Data

The historical data trend for Galaxy Next Generation'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.

Galaxy Next Generation Debt-to-Equity Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Debt-to-Equity

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-2.18

-0.84

-0.97

-3.78

-2.19

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															-10.17	-2.19	-1.69	-1.31	-1.18

Competitive Comparison of Galaxy Next Generation's Debt-to-Equity

For the Consumer Electronics subindustry, Galaxy Next Generation'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.

Galaxy Next Generation's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Galaxy Next Generation's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Galaxy Next Generation's Debt-to-Equity falls into.

Galaxy Next Generation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Galaxy Next Generation's Debt to Equity Ratio for the fiscal year 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
	=	(4.054	+	0.836)	/	-2.231
	=	-2.19

Galaxy Next Generation's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(4.233	+	2.762)	/	-5.91
	=	-1.18

Galaxy Next Generation (OTCPK:GAXY) 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.

Galaxy Next Generation Debt-to-Equity Related Terms

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

Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577