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Water on Demand (Water on Demand) Debt-to-Equity : -1.29 (As of Sep. 2023)


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What is Water on Demand Debt-to-Equity?

Water on Demand's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $15.91 Mil. Water on Demand's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Water on Demand's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-12.31 Mil. Water on Demand's debt to equity for the quarter that ended in Sep. 2023 was -1.29.

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 Water on Demand's Debt-to-Equity or its related term are showing as below:

WODI's Debt-to-Equity is not ranked *
in the Waste Management industry.
Industry Median: 0.74
* Ranked among companies with meaningful Debt-to-Equity only.

Water on Demand Debt-to-Equity Historical Data

The historical data trend for Water on Demand'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.

Water on Demand Debt-to-Equity Chart

Water on Demand Annual Data
Trend Dec21 Dec22
Debt-to-Equity
-0.75 0.47

Water on Demand Quarterly Data
Dec21 Sep22 Dec22 Sep23
Debt-to-Equity -0.75 N/A 0.47 -1.29

Competitive Comparison of Water on Demand's Debt-to-Equity

For the Waste Management subindustry, Water on Demand'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.

Water on Demand's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Water on Demand's Debt-to-Equity distribution charts can be found below:

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


Water on Demand Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Water on Demand's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(0.2 + 0) / 0.426
=0.47

Water on Demand's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(15.912 + 0) / -12.313
=-1.29

* 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.

Water on Demand  (NAS:WODI) 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.

Water on Demand Debt-to-Equity Related Terms

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Water on Demand (Water on Demand) Business Description

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