Oceansix Future Paths (Oceansix Future Paths) Debt-to-Equity : 0.73 (As of Sep. 2023)

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What is Oceansix Future Paths Debt-to-Equity?

Oceansix Future Paths's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.33 Mil. Oceansix Future Paths's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.50 Mil. Oceansix Future Paths's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2.51 Mil. Oceansix Future Paths's debt to equity for the quarter that ended in Sep. 2023 was 0.73.

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 Oceansix Future Paths's Debt-to-Equity or its related term are showing as below:

AKMYF' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.52 Med: 0.26 Max: 1.17
Current: 0.73

During the past 4 years, the highest Debt-to-Equity Ratio of Oceansix Future Paths was 1.17. The lowest was -3.52. And the median was 0.26.

AKMYF's Debt-to-Equity is ranked worse than
78.11% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs AKMYF: 0.73

Oceansix Future Paths Debt-to-Equity Historical Data

The historical data trend for Oceansix Future Paths'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.

Oceansix Future Paths Debt-to-Equity Chart

Oceansix Future Paths Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.18

-3.52

0.25

0.30

Oceansix Future Paths Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										0.18	0.22	0.30	0.33	0.73

Competitive Comparison of Oceansix Future Paths's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Oceansix Future Paths'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.

Oceansix Future Paths's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Oceansix Future Paths's Debt-to-Equity distribution charts can be found below:

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

Oceansix Future Paths Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oceansix Future Paths'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
	=	(0.331	+	0.939)	/	4.19
	=	0.30

Oceansix Future Paths's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.329	+	1.504)	/	2.506
	=	0.73

Oceansix Future Paths (OTCPK:AKMYF) 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.

Oceansix Future Paths Debt-to-Equity Related Terms

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Oceansix Future Paths (Oceansix Future Paths) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oceansix Future Paths Ltd (OTCPK:AKMYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5FC0:Germany OSIX:Canada

Address

11 Derech Menahem Begin, Ramat Gan, ISR

Website

https://www.oceansix.com

Oceansix Future Paths Ltd is an environmental technology company. It operates in one principal business segment - advanced solutions based on recycled plastic products. Geographically, it operates in Israel & Foreign countries, out of which the majority is from foreign countries. The manufacturing arm transforms recycled plastics into diverse, smart products that serve multiple industries, including automotive, beverage, construction, and agriculture. The group offers customized, multifunctional solutions that comply with the latest environmental requirements as well as demanding client needs.