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LGCY (Legacy Education) Debt-to-Equity : 0.29 (As of Sep. 2024)


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What is Legacy Education Debt-to-Equity?

Legacy Education's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.87 Mil. Legacy Education's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6.68 Mil. Legacy Education's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $32.56 Mil. Legacy Education's debt to equity for the quarter that ended in Sep. 2024 was 0.29.

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 Legacy Education's Debt-to-Equity or its related term are showing as below:

LGCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.21   Max: 0.36
Current: 0.29

During the past 6 years, the highest Debt-to-Equity Ratio of Legacy Education was 0.36. The lowest was 0.04. And the median was 0.21.

LGCY's Debt-to-Equity is ranked better than
52.19% of 228 companies
in the Education industry
Industry Median: 0.31 vs LGCY: 0.29

Legacy Education Debt-to-Equity Historical Data

The historical data trend for Legacy Education'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.

Legacy Education Debt-to-Equity Chart

Legacy Education Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial 0.20 0.10 0.07 0.36 0.22

Legacy Education Quarterly Data
Jun19 Jun20 Sep20 Jun21 Sep21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.31 0.26 0.22 0.29

Competitive Comparison of Legacy Education's Debt-to-Equity

For the Education & Training Services subindustry, Legacy Education'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.

Legacy Education's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Legacy Education's Debt-to-Equity distribution charts can be found below:

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


Legacy Education Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legacy Education's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
=(2.55 + 2.287) / 22.419
=0.22

Legacy Education'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
=(2.869 + 6.675) / 32.556
=0.29

* 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.

Legacy Education  (AMEX:LGCY) 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.

Legacy Education Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Legacy Education's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Legacy Education Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legacy Education Inc (AMEX:LGCY) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
701 W Avenue K, Suite 123, Lancaster, CA, USA, 93534
Website
https://www.legacyed.com
Legacy Education Inc is engaged in career-focused, post-secondary education services to students at all stages of adult life, from recent high school graduates to working parents.