Surge Components (Surge Components) Debt-to-Equity : 0.08 (As of Feb. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Surge Components Debt-to-Equity?

Surge Components's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.31 Mil. Surge Components's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $1.11 Mil. Surge Components's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $18.54 Mil. Surge Components's debt to equity for the quarter that ended in Feb. 2024 was 0.08.

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 Surge Components's Debt-to-Equity or its related term are showing as below:

SPRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.23
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Surge Components was 0.23. The lowest was 0.00. And the median was 0.08.

SPRS's Debt-to-Equity is ranked better than
76.7% of 2197 companies
in the Hardware industry
Industry Median: 0.28 vs SPRS: 0.08

Surge Components Debt-to-Equity Historical Data

The historical data trend for Surge Components'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.

Surge Components Debt-to-Equity Chart

Surge Components Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

Get a 7-Day Free Trial

0.20

0.12

0.08

Surge Components Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.08

Competitive Comparison of Surge Components's Debt-to-Equity

For the Electronics & Computer Distribution subindustry, Surge Components'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.

Surge Components's Debt-to-Equity Distribution in the Hardware Industry

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

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

Surge Components Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Surge Components's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(0.352	+	1.137)	/	18.569
	=	0.08

Surge Components's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.308	+	1.112)	/	18.539
	=	0.08

Surge Components (OTCPK:SPRS) 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.

Surge Components Debt-to-Equity Related Terms

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

Surge Components (Surge Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Surge Components Inc (OTCPK:SPRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 East Jefryn Boulevard, Deer Park, New York, NY, USA, 11729

Website

https://www.surgecomponents.com

Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.

Executives

Peter Levy	director	C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Michael D Tofias	10 percent owner	325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282
Steven J Lubman	director, officer: VP, Secretary, Director	1016 GRAND BLVD, DEER PARK NY 11729
Martin Novick	director
Alan Plafker	director	24 SYLVIA ROAD, PLAINVIEW NY 11803
Gary Mark Jacobs	director	15 HOOVER STREET, INWOOD NY 11096
Lawrence Chariton	director	30 ROCKAWAY PLACE, MASSAPEQUA NY 11758
Ira Levy	director, officer: Chief Executive Officer
David Siegel	director	95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729