DG Innovate (LSE:DGI) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is DG Innovate Debt-to-Equity?

DG Innovate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.21 Mil. DG Innovate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2.25 Mil. DG Innovate's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £4.38 Mil. DG Innovate's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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 DG Innovate's Debt-to-Equity or its related term are showing as below:

LSE:DGI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.14 Max: 0.56
Current: 0.56

During the past 5 years, the highest Debt-to-Equity Ratio of DG Innovate was 0.56. The lowest was 0.11. And the median was 0.14.

LSE:DGI's Debt-to-Equity is ranked worse than
69.8% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs LSE:DGI: 0.56

DG Innovate Debt-to-Equity Historical Data

The historical data trend for DG Innovate'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.

DG Innovate Debt-to-Equity Chart

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Debt-to-Equity

0.11

0.14

0.27

0.11

0.56

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				N/A	0.09	0.11	0.14	0.56

Competitive Comparison of DG Innovate's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, DG Innovate'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.

DG Innovate's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DG Innovate's Debt-to-Equity distribution charts can be found below:

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

DG Innovate Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DG Innovate'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
	=	(0.208	+	2.246)	/	4.38
	=	0.56

DG Innovate'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
	=	(0.208	+	2.246)	/	4.38
	=	0.56

DG Innovate (LSE:DGI) 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.

DG Innovate Debt-to-Equity Related Terms

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DG Innovate (LSE:DGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DG Innovate PLC (LSE:DGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and engineering & scientific practices. The company is currently developing its products alongside several major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.