NeoVolta (NeoVolta) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is NeoVolta Debt-to-Equity?

NeoVolta's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. NeoVolta's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. NeoVolta's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $5.14 Mil. NeoVolta's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 3 years, the highest Debt-to-Equity Ratio of NeoVolta was 0.43. The lowest was 0.01. And the median was 0.22.

NEOV's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

NeoVolta Debt-to-Equity Historical Data

The historical data trend for NeoVolta'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.

NeoVolta Debt-to-Equity Chart

NeoVolta Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

0.43

NeoVolta Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of NeoVolta's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, NeoVolta'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.

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

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

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

NeoVolta Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NeoVolta's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0)	/	6.466
	=	0.00

NeoVolta'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
	=	(0	+	0)	/	5.138
	=	0.00

NeoVolta (NAS:NEOV) 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.

NeoVolta Debt-to-Equity Related Terms

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

NeoVolta (NeoVolta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NeoVolta Inc (NAS:NEOV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13651 Danielson Street, Suite A, Poway, CA, USA, 92064

Website

https://www.neovolta.com

NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers, and homeowners.

Executives

Steve Bond	director, officer: Chief Financial Officer	28839 PUJOL ST., #832, TEMECULA CA 92590
Brent Willson	director	5271 CAMINITO EXQUISITO, SAN DIEGO CA 92130
Susan H Snow	director	26 SEDGE FERN DRIVE, HILTON HEAD SC 29926
John A Hass	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064
James F Amos	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064