OPTX (Syntec Optics Holdings) Debt-to-Equity : 0.93 (As of Sep. 2024)

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What is Syntec Optics Holdings Debt-to-Equity?

Syntec Optics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6.71 Mil. Syntec Optics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4.59 Mil. Syntec Optics Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $12.12 Mil. Syntec Optics Holdings's debt to equity for the quarter that ended in Sep. 2024 was 0.93.

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

OPTX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 0.98 Max: 1.25
Current: 0.79

During the past 3 years, the highest Debt-to-Equity Ratio of Syntec Optics Holdings was 1.25. The lowest was 0.68. And the median was 0.98.

OPTX's Debt-to-Equity is ranked worse than
79.97% of 2182 companies
in the Hardware industry
Industry Median: 0.29 vs OPTX: 0.79

Syntec Optics Holdings Debt-to-Equity Historical Data

The historical data trend for Syntec Optics 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.

Syntec Optics Holdings Debt-to-Equity Chart

Syntec Optics Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

1.25

1.06

0.68

Syntec Optics Holdings Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial					N/A	0.68	0.75	0.79	0.93

Competitive Comparison of Syntec Optics Holdings's Debt-to-Equity

For the Electronic Components subindustry, Syntec Optics 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.

Syntec Optics Holdings's Debt-to-Equity Distribution in the Hardware Industry

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

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

Syntec Optics Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Syntec Optics 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
	=	(6.901	+	2.025)	/	13.064
	=	0.68

Syntec Optics Holdings'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
	=	(6.707	+	4.59)	/	12.123
	=	0.93

Syntec Optics Holdings (NAS:OPTX) 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.

Syntec Optics Holdings Debt-to-Equity Related Terms

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

Syntec Optics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syntec Optics Holdings Inc (NAS:OPTX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Lee Road, Rochester, NY, USA, 14606

Website

https://www.syntecoptics.com

Syntec Optics Holdings Inc is vertically integrated from design and component manufacturing for lens system assembly to imaging module integration for system solutions. Making its tools, molding, and nano machining allows close interaction and recut ability, enabling special techniques to hold tolerances to sub-micron levels. It has steadily developed a variety of other complementary manufacturing techniques to provide a wide suite of horizontal capabilities including thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.

Executives

Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone	director	C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop	director	813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins	director	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon	director	C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes	director	124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman	director	C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs	officer: Chief Operating Officer	1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii	officer: CFO and Secretary	29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor	director, 10 percent owner, officer: Chairman and CEO	157 BEAVER, WESTON MA 02493