AYRO (AYRO) Debt-to-Equity : 0.03 (As of Sep. 2024)

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What is AYRO Debt-to-Equity?

AYRO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.21 Mil. AYRO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.34 Mil. AYRO's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $21.94 Mil. AYRO's debt to equity for the quarter that ended in Sep. 2024 was 0.03.

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

AYRO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 19.2
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of AYRO was 19.20. The lowest was 0.01. And the median was 0.02.

AYRO's Debt-to-Equity is ranked better than
95.12% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs AYRO: 0.03

AYRO Debt-to-Equity Historical Data

The historical data trend for AYRO'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.

AYRO Debt-to-Equity Chart

AYRO Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

19.20

0.03

0.02

0.03

AYRO Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.03	0.03	0.02	0.03

Competitive Comparison of AYRO's Debt-to-Equity

For the Auto Manufacturers subindustry, AYRO'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.

AYRO's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, AYRO's Debt-to-Equity distribution charts can be found below:

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

AYRO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AYRO'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
	=	(0.197	+	0.503)	/	25.332
	=	0.03

AYRO's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.212	+	0.341)	/	21.943
	=	0.03

AYRO (NAS:AYRO) 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.

AYRO Debt-to-Equity Related Terms

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

AYRO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AYRO Inc (NAS:AYRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 East Old Settlers Boulevard, Suite 100, Round Rock, TX, USA, 78664

Website

https://www.ayro.com

AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States.

Executives

Joshua Silverman	director	IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Zvi Joseph	director	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 10018
Gregory T Schiffman	director	1030 NW JOHNSON ST, UNIT 608, PORTLAND OR 97209
Sebastian Giordano	director	ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341
George Devlin	director	COMPAQ COMPUTER CORP, P O BOX 692000 MC: 110701, HOUSTON TX 77269
Wayne Remell Walker	director	1515 MARKET STREET, SUITE 1720, PHILADELPHIA PA 19103
Thomas Michael Wittenschlaeger	officer: Chief Executive Officer	RAPTOR NETWORKS TECHNOLOGY, 65 ENTERPRISE RD., ALISO VIEJO CA 92656
David E. Hollingsworth	officer: Interim CFO	319 FLAT ROCK DR., HUTTO TX 78634
Keller Rodney C. Jr.	director, officer: Chief Executive Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Richard Perley	officer: Chief Marketing Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Curtis Ellis Smith	officer: Chief Financial Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Brian Ray Groh	officer: Chief of Business Development	825 WEST DRUMFRIES ROAD N., PARIS A6 N3L 3E2
Mark Adams	director, 10 percent owner	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Victoria C Pasquale	officer: Chief Human Resources Officer	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 1008
Capital Anstalt Alpha	10 percent owner	LETTSTRASSE 32, FL-9490, VADUZ N2 00000