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Silynxcom (Silynxcom) Debt-to-Equity : 0.22 (As of Dec. 2023)


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What is Silynxcom Debt-to-Equity?

Silynxcom's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.44 Mil. Silynxcom's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil. Silynxcom's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.22 Mil. Silynxcom's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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

SYNX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.8   Med: 0.22   Max: 0.77
Current: 0.22

During the past 3 years, the highest Debt-to-Equity Ratio of Silynxcom was 0.77. The lowest was -0.80. And the median was 0.22.

SYNX's Debt-to-Equity is ranked better than
57.78% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SYNX: 0.22

Silynxcom Debt-to-Equity Historical Data

The historical data trend for Silynxcom'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.

Silynxcom Debt-to-Equity Chart

Silynxcom Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
-0.80 0.77 0.22

Silynxcom Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity -0.80 N/A 0.77 0.23 0.22

Competitive Comparison of Silynxcom's Debt-to-Equity

For the Communication Equipment subindustry, Silynxcom'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.

Silynxcom's Debt-to-Equity Distribution in the Hardware Industry

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

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


Silynxcom Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silynxcom'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
=(0.439 + 0.059) / 2.221
=0.22

Silynxcom'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
=(0.439 + 0.059) / 2.221
=0.22

* 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.

Silynxcom  (AMEX:SYNX) 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.

Silynxcom Debt-to-Equity Related Terms

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

Silynxcom (Silynxcom) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silynxcom Ltd (AMEX:SYNX) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
N/A
Address
19 Yad Ha’Harutzim Street, Netanya, ISR, 4250519
Website
https://www.silynxcom.com
Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.

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