SmileDirectClub (SmileDirectClub) Debt-to-Equity : 10.13 (As of Jun. 2023)

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What is SmileDirectClub Debt-to-Equity?

SmileDirectClub's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil. SmileDirectClub's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $876.7 Mil. SmileDirectClub's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $86.5 Mil. SmileDirectClub's debt to equity for the quarter that ended in Jun. 2023 was 10.13.

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

SDCCQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.73 Med: 3.5 Max: 10.13
Current: 10.13

During the past 6 years, the highest Debt-to-Equity Ratio of SmileDirectClub was 10.13. The lowest was -1.73. And the median was 3.50.

SDCCQ's Debt-to-Equity is ranked worse than
99.58% of 712 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs SDCCQ: 10.13

SmileDirectClub Debt-to-Equity Historical Data

The historical data trend for SmileDirectClub'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.

SmileDirectClub Debt-to-Equity Chart

SmileDirectClub Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

-1.73

0.63

1.42

4.44

7.77

SmileDirectClub Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															5.74	6.40	7.77	8.88	10.13

Competitive Comparison of SmileDirectClub's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, SmileDirectClub'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.

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

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

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

SmileDirectClub Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SmileDirectClub's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0	+	865.461)	/	111.398
	=	7.77

SmileDirectClub's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	876.677)	/	86.525
	=	10.13

SmileDirectClub (OTCPK:SDCCQ) 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.

SmileDirectClub Debt-to-Equity Related Terms

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

SmileDirectClub (SmileDirectClub) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SmileDirectClub Inc (OTCPK:SDCCQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

414 Union Street, Nashville, TN, USA, 37219

Website

https://www.smiledirectclub.com

SmileDirectClub Inc is engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel, and retainers. The company has one operating segment, aligner products.

Executives

Richard F Wallman	director	HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
Susan Greenspon Rammelt	director, officer: General Counsel, Sec. and Dir.	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Alexander Dimitrief	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Linda Marie Williams	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Cd&r Investment Associates X, Ltd.	10 percent owner	CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
Kay Oswald	officer: President of International	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Ward Edward W Iii	director	SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Steven B. Katzman	director, officer: COO and Director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
David B Katzman	director, officer: CEO and Chairman	100 GALLERIA OFFICECENTRE, SUITE 419, SOUTHFIELD MI 48034
Jordan M. Katzman	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Kyle Wailes	officer: Chief Financial Officer	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Troy W. Crawford	officer: Chief Accounting Officer	C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Carol Hamilton	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
William H. Frist	director	600 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Cd&r Sdc Holdings, L.p.	10 percent owner	MAPLES CORP SERVICES LTD, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104