RocketDNA (ASX:RKT) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is RocketDNA Debt-to-Equity?

RocketDNA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.30 Mil. RocketDNA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.88 Mil. RocketDNA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.92 Mil. RocketDNA's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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

ASX:RKT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.24
Current: 0.24

During the past 7 years, the highest Debt-to-Equity Ratio of RocketDNA was 0.24. The lowest was 0.06. And the median was 0.08.

ASX:RKT's Debt-to-Equity is ranked better than
55.86% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs ASX:RKT: 0.24

RocketDNA Debt-to-Equity Historical Data

The historical data trend for RocketDNA'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.

RocketDNA Debt-to-Equity Chart

RocketDNA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.16

0.07

0.08

0.07

0.24

RocketDNA Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.08	0.05	0.07	0.09	0.24

Competitive Comparison of RocketDNA's Debt-to-Equity

For the Computer Hardware subindustry, RocketDNA'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.

RocketDNA's Debt-to-Equity Distribution in the Hardware Industry

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

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

RocketDNA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RocketDNA'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
	=	(0.295	+	0.88)	/	4.924
	=	0.24

RocketDNA'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
	=	(0.295	+	0.88)	/	4.924
	=	0.24

RocketDNA (ASX:RKT) 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.

RocketDNA Debt-to-Equity Related Terms

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RocketDNA (ASX:RKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RocketDNA Ltd (ASX:RKT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Thomas Street, Subiaco, WA, AUS, 6008

Website

https://www.rocketdna.com

RocketDNA Ltd is engaged in the business of civilian drones for professional use. It provides aerial surveying and mapping, security and surveillance, and blast monitoring and fragment analysis through a fully-outsourced service and fast data turnaround that allows enterprise customers to focus on the mining, agricultural, and engineering industries. Its geographical segments include Australia, South Africa, and Israel, of which South Africa generates the majority of the revenue.