OFFTEC Holding Group (AMM:OFTC) Debt-to-Equity : 0.97 (As of Mar. 2024)

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What is OFFTEC Holding Group Debt-to-Equity?

OFFTEC Holding Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD12.44 Mil. OFFTEC Holding Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD1.32 Mil. OFFTEC Holding Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JOD14.19 Mil. OFFTEC Holding Group's debt to equity for the quarter that ended in Mar. 2024 was 0.97.

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 OFFTEC Holding Group's Debt-to-Equity or its related term are showing as below:

AMM:OFTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.97
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of OFFTEC Holding Group was 0.97. The lowest was 0.03. And the median was 0.15.

AMM:OFTC's Debt-to-Equity is ranked worse than
73.42% of 918 companies
in the Business Services industry
Industry Median: 0.37 vs AMM:OFTC: 0.97

OFFTEC Holding Group Debt-to-Equity Historical Data

The historical data trend for OFFTEC Holding Group'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.

OFFTEC Holding Group Debt-to-Equity Chart

OFFTEC Holding Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.15

0.22

0.37

0.60

OFFTEC Holding Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.40	0.46	0.60	0.97

Competitive Comparison of OFFTEC Holding Group's Debt-to-Equity

For the Specialty Business Services subindustry, OFFTEC Holding Group'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.

OFFTEC Holding Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, OFFTEC Holding Group's Debt-to-Equity distribution charts can be found below:

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

OFFTEC Holding Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OFFTEC Holding Group'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
	=	(8.734	+	0)	/	14.476
	=	0.60

OFFTEC Holding Group'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
	=	(12.439	+	1.323)	/	14.186
	=	0.97

OFFTEC Holding Group (AMM:OFTC) 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.

OFFTEC Holding Group Debt-to-Equity Related Terms

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

OFFTEC Holding Group (AMM:OFTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » OFFTEC Holding Group PLC (AMM:OFTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Circle, 12 Queen Misbah Street, P.O. Box: 383, Amman, JOR, 11118

Website

http://www.offtec.com

OFFTEC Holding Group PLC offers business and technological solutions to facilitate business functions such as banknote counting and detection machines, teller safes, check printing systems, office furniture solutions, and other office equipment, among others. The company provides a solution to Banking Technologies, Office Technologies, Software Solutions, Networking, and IT security, Plastic Card Technologies and Physical Security Solutions.

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