IonQ (IONQ.WS) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is IonQ Debt-to-Equity?

IonQ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.18 Mil. IonQ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.45 Mil. IonQ's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $479.77 Mil. IonQ's debt to equity for the quarter that ended in Mar. 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 IonQ's Debt-to-Equity or its related term are showing as below:

IONQ.WS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.08
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of IonQ was 0.08. The lowest was 0.01. And the median was 0.01.

IONQ.WS's Debt-to-Equity is ranked better than
89.73% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs IONQ.WS: 0.03

IonQ Debt-to-Equity Historical Data

The historical data trend for IonQ'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.

IonQ Debt-to-Equity Chart

IonQ Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.01

0.02

IonQ Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.01	0.01	0.01	0.02	0.03

Competitive Comparison of IonQ's Debt-to-Equity

For the Computer Hardware subindustry, IonQ'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.

IonQ's Debt-to-Equity Distribution in the Hardware Industry

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

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

IonQ Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IonQ'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
	=	(0.71	+	7.395)	/	484.994
	=	0.02

IonQ's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1.178	+	14.452)	/	479.769
	=	0.03

IonQ (NYSE:IONQ.WS) 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.

IonQ Debt-to-Equity Related Terms

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IonQ (IONQ.WS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IonQ Inc (NYSE:IONQ.WS) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

IONQ:USA

Address

4505 Campus Drive, College Park, MD, USA, 20740

Website

https://www.ionq.com

IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.