MMATQ (Meta Materials) Debt-to-Equity: 0.57 (As of Mar. 2024)

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MMATQ Meta Materials Inc MMATQ
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What is Meta Materials Debt-to-Equity?

Meta Materials MMATQ -99.00% 12 Debt-to-Equity is 0.57 as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

Meta Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.84 Mil. Meta Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.63 Mil. Meta Materials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $18.34 Mil. Meta Materials's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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 Meta Materials's Debt-to-Equity or its related term are showing as below:

MMATQ's Debt-to-Equity is not ranked *
in the Hardware industry.
Industry Median: 0.27
* Ranked among companies with meaningful Debt-to-Equity only.

Meta Materials  (OTCPK:MMATQ) 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.

Meta Materials Debt-to-Equity Related Terms

Meta Materials Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Meta Materials'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.

Meta Materials Debt-to-Equity Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
N/A -1.34 0.02 0.02 0.51

Meta Materials Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only 0.02 0.10 0.13 0.51 0.57

MMATQ vs APH, TEL, GLW: Debt-to-Equity Comparison

For the Electronic Components subindustry, Meta Materials'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.

Meta Materials Debt-to-Equity vs Hardware Industry

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

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


MMATQ
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Meta Materials Inc MMATQ
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Meta Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meta Materials'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
=(2.254 + 8.897) / 21.937
=0.51

Meta Materials'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
=(1.842 + 8.631) / 18.335
=0.57

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.57 mean?
Meta Materials (MMATQ) has a Debt-to-Equity of 0.57 as of Mar. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Meta Materials and its competitors.
Is Meta Materials' Debt-to-Equity too high?
Meta Materials' current Debt-to-Equity is 0.57. The Hardware industry median Debt-to-Equity is 0.27. Meta Materials' value of 0.57 is 111.1% above this industry median. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Debt-to-Equity compare to APH and TEL?
Meta Materials' Debt-to-Equity of 0.57 can be compared against companies in the Hardware industry. The industry median Debt-to-Equity is 0.27. Meta Materials' value of 0.57 is 111.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,217 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meta Materials's current Debt-to-Equity of 0.57 is 111.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Meta Materials and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meta Materials's current Debt-to-Equity is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Debt-to-Equity of 0.57. The current Debt-to-Equity is 0.57 and 111.1% above the Hardware industry median of 0.27. Meta Materials' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Meta Materials (MMATQ), the current Debt-to-Equity is 0.57 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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