Mynaric AG (FRA:M0YN) Debt-to-Equity : -1.79 (As of Dec. 2023)

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What is Mynaric AG Debt-to-Equity?

Mynaric AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €8.73 Mil. Mynaric AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €79.33 Mil. Mynaric AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-49.29 Mil. Mynaric AG's debt to equity for the quarter that ended in Dec. 2023 was -1.79.

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

FRA:M0YN' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.79 Med: 0.11 Max: 0.84
Current: -1.79

During the past 7 years, the highest Debt-to-Equity Ratio of Mynaric AG was 0.84. The lowest was -1.79. And the median was 0.11.

FRA:M0YN's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs FRA:M0YN: -1.79

Mynaric AG Debt-to-Equity Historical Data

The historical data trend for Mynaric AG'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.

Mynaric AG Debt-to-Equity Chart

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.11

0.84

-1.79

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.11	0.35	0.84	8.17	-1.79

Competitive Comparison of Mynaric AG's Debt-to-Equity

For the Communication Equipment subindustry, Mynaric AG'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.

Mynaric AG's Debt-to-Equity Distribution in the Hardware Industry

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

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

Mynaric AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mynaric AG'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
	=	(8.726	+	79.329)	/	-49.287
	=	-1.79

Mynaric AG'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
	=	(8.726	+	79.329)	/	-49.287
	=	-1.79

Mynaric AG (FRA:M0YN) 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.

Mynaric AG Debt-to-Equity Related Terms

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Mynaric AG (FRA:M0YN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mynaric AG (FRA:M0YN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MYNA:USA M0YNd:UK 0AR9:UK M0YN:Germany

Address

Dornierstrasse 19, Gilching, BY, DEU, 82205

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminal. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eye, satellite constellations, earth observation satellites, and others. Geographically, the majority is from the United States.

Mynaric AG (FRA:M0YN) Headlines

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