SmartKem (SmartKem) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is SmartKem Debt-to-Equity?

SmartKem's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.23 Mil. SmartKem's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. SmartKem's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.11 Mil. SmartKem's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

SMTK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.13
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of SmartKem was 0.13. The lowest was 0.01. And the median was 0.05.

SMTK's Debt-to-Equity is ranked better than
86.06% of 875 companies
in the Semiconductors industry
Industry Median: 0.27 vs SMTK: 0.03

SmartKem Debt-to-Equity Historical Data

The historical data trend for SmartKem'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.

SmartKem Debt-to-Equity Chart

SmartKem Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.13

0.01

0.08

0.03

SmartKem Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.08	0.11	0.03	0.03	0.03

Competitive Comparison of SmartKem's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, SmartKem'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.

SmartKem's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

SmartKem Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SmartKem'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
	=	(0.23	+	0.019)	/	8.113
	=	0.03

SmartKem'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
	=	(0.23	+	0.019)	/	8.113
	=	0.03

SmartKem (OTCPK:SMTK) 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.

SmartKem Debt-to-Equity Related Terms

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

SmartKem (SmartKem) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SmartKem Inc (OTCPK:SMTK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Delaunays Road, Manchester Technology Center, Hexagon Tower, Blackley, Manchester, GBR, M9 8GQ

Website

https://www.smartkem.com

SmartKem Inc focuses on the design, development, industrialization, and technology transfer of low temp, solution-deposited organic semiconductors for transistor backplanes. The company's semiconductor platform can be used in a number of applications including mini-LED displays, AMOLED displays, fingerprint sensors, and logic circuits. The company derives revenue from the sale of TRUFLEX inks and demonstration products.

Executives

Sriram Krishnamurthy Peruvemba	director	12251 TOLUCA DRIVE, SAN RAMON CA 94583
Nigel Prue	officer: Chief Accounting Officer	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Steven Denbaars	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Simon P. King	director	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Barbra Keck	director	C/O DELCATH SYSTEMS, INC., 600 FIFTH AVENUE, NEW YORK NY 10020
Robert Bahns	director, officer: Chief Financial Officer	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Boer Klaas De	director	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Ian Jenks	director, officer: Chairman & CEO	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Simon Ogier	officer: Chief Technology Officer	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Beverley Brown	officer: Chief Scientist	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Mark N. Tompkins	other: Former Director and 10% Owner	APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Entrepreneurs Fund Lp	10 percent owner	2ND FLOOR, WINDWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Entrepreneurs Fund General Partner Ltd	10 percent owner	2ND FLOOR WINWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Ian Seth Jacobs	other: Former Officer and Director	2255 GLADES RD., SUITE 324A, BOCA RATON FL 33431
Octopus Titan Vct Plc	10 percent owner	33 HOBORN, LONDON X0 EC1N 2HT