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Montana Technologies (Montana Technologies) Debt-to-Equity : -0.00 (As of Mar. 2024)


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What is Montana Technologies Debt-to-Equity?

Montana Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.02 Mil. Montana Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.15 Mil. Montana Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-49.68 Mil. Montana Technologies's debt to equity for the quarter that ended in Mar. 2024 was -0.00.

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

During the past 3 years, the highest Debt-to-Equity Ratio of Montana Technologies was 0.01. The lowest was -0.02. And the median was -0.01.

AIRJ's Debt-to-Equity is not ranked *
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Montana Technologies Debt-to-Equity Historical Data

The historical data trend for Montana 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.

Montana Technologies Debt-to-Equity Chart

Montana Technologies Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- 0.01 -0.01

Montana Technologies Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial 0.01 N/A -0.02 -0.01 -

Competitive Comparison of Montana Technologies's Debt-to-Equity

For the Building Products & Equipment subindustry, Montana 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.

Montana Technologies's Debt-to-Equity Distribution in the Construction Industry

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

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


Montana Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Montana Technologies'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
=(0.022 + 0.027) / -5.901
=-0.01

Montana Technologies's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(0.023 + 0.148) / -49.681
=-0.00

* 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.

Montana Technologies  (NAS:AIRJ) 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.

Montana Technologies Debt-to-Equity Related Terms

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

Montana Technologies (Montana Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Montana Technologies Corp (NAS:AIRJ) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
34361 Innovation Drive, Ronan, MT, USA, 59864
Website
https://www.mt.energy
Montana Technologies Corp is engaged in transformational technology that provides significant energy efficiency gains in air conditioning and comfort cooling applications, as well as a potential source of potable water, all through its proprietary "AirJoule" unit.

Montana Technologies (Montana Technologies) Headlines

From GuruFocus

Montana Technologies Corp. Announces Addition to Board of Directors and Names Chairman

By PRNewswire • 05-01-2024