Engage XR Holdings (LSE:EXR) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Engage XR Holdings Debt-to-Equity?

Engage XR Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.05 Mil. Engage XR Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.03 Mil. Engage XR Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £7.35 Mil. Engage XR Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Engage XR Holdings's Debt-to-Equity or its related term are showing as below:

LSE:EXR' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.17 Med: 0.01 Max: 0.02
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Engage XR Holdings was 0.02. The lowest was -1.17. And the median was 0.01.

LSE:EXR's Debt-to-Equity is ranked better than
99.95% of 2207 companies
in the Software industry
Industry Median: 0.21 vs LSE:EXR: 0.01

Engage XR Holdings Debt-to-Equity Historical Data

The historical data trend for Engage XR Holdings'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.

Engage XR Holdings Debt-to-Equity Chart

Engage XR Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

Engage XR Holdings 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								-	-	-	-	0.01

Competitive Comparison of Engage XR Holdings's Debt-to-Equity

For the Software - Application subindustry, Engage XR Holdings'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.

Engage XR Holdings's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Engage XR Holdings's Debt-to-Equity distribution charts can be found below:

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

Engage XR Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Engage XR Holdings'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
	=	(0.046	+	0.03)	/	7.347
	=	0.01

Engage XR Holdings'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
	=	(0.046	+	0.03)	/	7.347
	=	0.01

Engage XR Holdings (LSE:EXR) 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.

Engage XR Holdings Debt-to-Equity Related Terms

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Engage XR Holdings (LSE:EXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Engage XR Holdings PLC (LSE:EXR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6VR:Germany

Address

Old Kilmeaden Road, Unit 9 Cleaboy Business Park, Waterford, IRL, X91 AX83

Website

https://www.engagevr.io

Engage XR Holdings PLC operates as a virtual reality software and technology company in Ireland. It is engaged in the development of the educational Virtual Reality platform - ENGAGE. The company also develops and sells online virtual social learning and presentation platforms for creating, sharing, and delivering proprietary and third-party VR content for educational and corporate training purposes. Its products include ENGAGE platform, 1943 Berlin Blitz, Titanic VR, Apollo 11 VR, and RCSI medical training app.