Predictive Technology Group (Predictive Technology Group) Debt-to-Equity : 0.42 (As of Mar. 2021)

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What is Predictive Technology Group Debt-to-Equity?

Predictive Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $10.12 Mil. Predictive Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $3.33 Mil. Predictive Technology Group's Total Stockholders Equity for the quarter that ended in Mar. 2021 was $32.33 Mil. Predictive Technology Group's debt to equity for the quarter that ended in Mar. 2021 was 0.42.

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 Predictive Technology Group's Debt-to-Equity or its related term are showing as below:

PRED's Debt-to-Equity is not ranked ^*
in the Biotechnology industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

Predictive Technology Group Debt-to-Equity Historical Data

The historical data trend for Predictive Technology Group'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.

Predictive Technology Group Debt-to-Equity Chart

Predictive Technology Group Annual Data

Trend

Aug06

Aug07

Jun16

Jun17

Jun18

Jun19

Jun20

Debt-to-Equity

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0.02

0.14

Predictive Technology Group Quarterly Data
	Nov07	Feb08	May08	Jun16	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.14	0.25	0.27	0.42

Competitive Comparison of Predictive Technology Group's Debt-to-Equity

For the Biotechnology subindustry, Predictive Technology Group'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.

Predictive Technology Group's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Predictive Technology Group's Debt-to-Equity distribution charts can be found below:

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

Predictive Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Predictive Technology Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 2020 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
	=	(2.269	+	5.571)	/	55.29
	=	0.14

Predictive Technology Group's Debt to Equity Ratio for the quarter that ended in Mar. 2021 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
	=	(10.115	+	3.325)	/	32.332
	=	0.42

Predictive Technology Group (OTCPK:PRED) 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.

Predictive Technology Group Debt-to-Equity Related Terms

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Predictive Technology Group (Predictive Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Predictive Technology Group Inc (OTCPK:PRED) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2735 Parleys Way, Suite 205, Salt Lake City, UT, USA, 84109

Website

https://www.predtechgroup.com

Predictive Technology Group Inc (PRx) is a biotechnology company. It develops, commercializes, acquires and invests in technologies engaged in novel molecular diagnostic and therapeutic products in healthcare. The HCT/P segment offers minimally manipulated tissue products intended for homologous use, prepared utilizing proprietary extraction methods that reduce the loss of important scaffolding, growth factors and cytokines. The company's Diagnostics and Therapeutics segment uses data analytics for disease identification and subsequent therapeutic intervention through novel gene-based diagnostics, and companion therapeutics. It generates most of its revenues from HCT/Ps segment.