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Desktop Metal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.1 Mil. Desktop Metal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $131.8 Mil. Desktop Metal's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $72.3 Mil. Desktop Metal's debt to equity for the quarter that ended in Sep. 2024 was 1.93.
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 Desktop Metal's Debt-to-Equity or its related term are showing as below:
During the past 5 years, the highest Debt-to-Equity Ratio of Desktop Metal was 1.93. The lowest was 0.01. And the median was 0.17.
The historical data trend for Desktop Metal'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.
Desktop Metal Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Debt-to-Equity | 0.09 | 0.03 | 0.02 | 0.26 | 0.60 |
Desktop Metal 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 |
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0.35 | 0.60 | 0.73 | 1.42 | 1.93 |
For the Computer Hardware subindustry, Desktop Metal'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.
For the Hardware industry and Technology sector, Desktop Metal's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Desktop Metal's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Desktop Metal'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 | |
= | (7.734 | + | 136.22) | / | 241.652 | |
= | 0.60 |
Desktop Metal'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 | |
= | (8.117 | + | 131.786) | / | 72.348 | |
= | 1.93 |
* 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.
Desktop Metal (NYSE:DM) 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.
Thank you for viewing the detailed overview of Desktop Metal's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Nogueira | officer: CHIEF OPERATING OFFICER | C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803 |
Jason M Cole | officer: CFO & TREASURER | C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803 |
Jonah Myerberg | officer: Chief Technology Officer | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Farhad Fred Ebrahimi | 10 percent owner | 191 UNIVERSITY BLVD., #246, DENVER CO 80206 |
Scott J Dussault | director | C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803 |
Ric Fulop | director, officer: Chief Executive Officer | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Hindery Leo J. Jr. | director, other: See remarks. | C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134 |
Michael M. Jafar | officer: CEO, Desktop Health | 17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614 |
James S Eisenstein | director | C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116 |
Jeffrey R Immelt | director | GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210 |
Siblani Ali El | director, officer: CEO of EnvisionTec US, LLC | 63 THIRD AVENUE, BURLINGTON MA 01803 |
James Haley | officer: CFO & Treasurer | 63 THIRD AVENUE, BURLINGTON MA 01803 |
Arjun Aggarwal | officer: Chief Product Officer | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Wen Hsuan Hsieh | director | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Bilal Zuberi | director | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
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