Xtract One Technologies (Xtract One Technologies) Debt-to-Equity : 0.03 (As of Jan. 2024)

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What is Xtract One Technologies Debt-to-Equity?

Xtract One Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.15 Mil. Xtract One Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.05 Mil. Xtract One Technologies's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $6.89 Mil. Xtract One Technologies's debt to equity for the quarter that ended in Jan. 2024 was 0.03.

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

XTRAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.09
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Xtract One Technologies was 0.09. The lowest was 0.02. And the median was 0.02.

XTRAF's Debt-to-Equity is ranked better than
86.52% of 2225 companies
in the Software industry
Industry Median: 0.21 vs XTRAF: 0.03

Xtract One Technologies Debt-to-Equity Historical Data

The historical data trend for Xtract One 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.

Xtract One Technologies Debt-to-Equity Chart

Xtract One Technologies Annual Data

Trend

May14

May15

May16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.05

0.02

Xtract One Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.03	0.02	0.03	0.03

Competitive Comparison of Xtract One Technologies's Debt-to-Equity

For the Software - Application subindustry, Xtract One 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.

Xtract One Technologies's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Xtract One Technologies's Debt-to-Equity distribution charts can be found below:

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

Xtract One Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xtract One Technologies's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.176	+	0.094)	/	11.16
	=	0.02

Xtract One Technologies's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.149	+	0.047)	/	6.894
	=	0.03

Xtract One Technologies (OTCPK:XTRAF) 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.

Xtract One Technologies Debt-to-Equity Related Terms

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Xtract One Technologies (Xtract One Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xtract One Technologies Inc (OTCPK:XTRAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0PL:Germany XTRA:Canada

Address

257 Adelaide Street West, Suite 400, Toronto, ON, CAN, M5H 1X9

Website

https://www.xtractone.com

Xtract One Technologies Inc is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The principal business of the Company is the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution, referred to as the Platform, with the aim of enhancing public health and safety. The company makes unobtrusive threat detection systems that enable venue-building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One's innovative multi-sensor gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.