Embark Technology (Embark Technology) Debt-to-Equity : 0.15 (As of Mar. 2023)

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What is Embark Technology Debt-to-Equity?

Embark Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2.98 Mil. Embark Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $15.40 Mil. Embark Technology's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $125.69 Mil. Embark Technology's debt to equity for the quarter that ended in Mar. 2023 was 0.15.

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

EMBKW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.15
Current: 0.15

During the past 3 years, the highest Debt-to-Equity Ratio of Embark Technology was 0.15. The lowest was 0.01. And the median was 0.04.

EMBKW's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs EMBKW: 0.15

Embark Technology Debt-to-Equity Historical Data

The historical data trend for Embark Technology'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.

Embark Technology Debt-to-Equity Chart

Embark Technology Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.01

0.13

Embark Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial					0.03	0.04	0.12	0.13	0.15

Competitive Comparison of Embark Technology's Debt-to-Equity

For the Software - Application subindustry, Embark Technology'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.

Embark Technology's Debt-to-Equity Distribution in the Software Industry

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

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

Embark Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Embark Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3.743	+	20.519)	/	184.974
	=	0.13

Embark Technology's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(2.984	+	15.402)	/	125.693
	=	0.15

Embark Technology (NAS:EMBKW) 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.

Embark Technology Debt-to-Equity Related Terms

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Embark Technology (Embark Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Embark Technology Inc (NAS:EMBKW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 Alabama Street, San Francisco, CA, USA, 94110

Website

https://www.embarktrucks.com

Embark Technology Inc is engaged in providing software and associated services that power self-driving trucks. It offers operational savings and collaborates with carriers, truck manufacturers, and tier 1 suppliers. The company's products include Embark Driver, Embark Universal Interface, and Embark Guardian.