Orexplore Technologies (ASX:OXT) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Orexplore Technologies Debt-to-Equity?

Orexplore Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.44 Mil. Orexplore Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.42 Mil. Orexplore Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$8.03 Mil. Orexplore Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

ASX:OXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 0.11
Current: 0.11

During the past 2 years, the highest Debt-to-Equity Ratio of Orexplore Technologies was 0.11. The lowest was 0.08. And the median was 0.09.

ASX:OXT's Debt-to-Equity is ranked better than
72.38% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs ASX:OXT: 0.11

Orexplore Technologies Debt-to-Equity Historical Data

The historical data trend for Orexplore 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.

Orexplore Technologies Debt-to-Equity Chart

Orexplore Technologies Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.08

0.11

Orexplore Technologies Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.03	0.04	0.08	0.11	0.11

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

For the Scientific & Technical Instruments subindustry, Orexplore 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.

Orexplore Technologies's Debt-to-Equity Distribution in the Hardware Industry

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

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

Orexplore Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orexplore 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
	=	(0.435	+	0.423)	/	8.034
	=	0.11

Orexplore Technologies's Debt to Equity Ratio for the quarter 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
	=	(0.435	+	0.423)	/	8.034
	=	0.11

Orexplore Technologies (ASX:OXT) 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.

Orexplore Technologies Debt-to-Equity Related Terms

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Orexplore Technologies (ASX:OXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Orexplore Technologies Ltd (ASX:OXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 McDonald Cresent, Bassendean, Perth, WA, AUS, 6054

Website

https://www.orexplore.com

Orexplore Technologies Ltd is engaged in the development of technology that not only detects elements of rock but visualizes its internal structure in a fraction of the time traditional methods may take. Evolving from medical imaging technology, the company's GeoCore X10 provides rich onsite 3D imagery, detected elements, structures, and more. By extracting as much information as possible, miners, geologists, and explorers can make informed decisions, and increase efficiency & productivity.

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