iFIT Health & Fitness (iFIT Health & Fitness) Debt-to-Equity : -0.77 (As of May. 2020)

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What is iFIT Health & Fitness Debt-to-Equity?

iFIT Health & Fitness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2020 was $0 Mil. iFIT Health & Fitness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2020 was $140 Mil. iFIT Health & Fitness's Total Stockholders Equity for the quarter that ended in May. 2020 was $-181 Mil. iFIT Health & Fitness's debt to equity for the quarter that ended in May. 2020 was -0.77.

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 iFIT Health & Fitness's Debt-to-Equity or its related term are showing as below:

IFIT's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

iFIT Health & Fitness Debt-to-Equity Historical Data

The historical data trend for iFIT Health & Fitness'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.

iFIT Health & Fitness Debt-to-Equity Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Debt-to-Equity

N/A

-0.77

-0.23

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Debt-to-Equity	N/A	-0.77	-0.23

Competitive Comparison of iFIT Health & Fitness's Debt-to-Equity

For the Leisure subindustry, iFIT Health & Fitness'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.

iFIT Health & Fitness's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, iFIT Health & Fitness's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where iFIT Health & Fitness's Debt-to-Equity falls into.

iFIT Health & Fitness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

iFIT Health & Fitness's Debt to Equity Ratio for the fiscal year that ended in May. 2021 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	+	157.133)	/	-670.159
	=	-0.23

iFIT Health & Fitness's Debt to Equity Ratio for the quarter that ended in May. 2020 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	+	139.842)	/	-181.156
	=	-0.77

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness Debt-to-Equity Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.