Evogene (XTAE:EVGN) Debt-to-Equity : 0.96 (As of Dec. 2023)

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What is Evogene Debt-to-Equity?

Evogene's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪3.19 Mil. Evogene's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪39.78 Mil. Evogene's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪45.01 Mil. Evogene's debt to equity for the quarter that ended in Dec. 2023 was 0.95.

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

XTAE:EVGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.06 Max: 0.96
Current: 0.96

During the past 13 years, the highest Debt-to-Equity Ratio of Evogene was 0.96. The lowest was 0.05. And the median was 0.06.

XTAE:EVGN's Debt-to-Equity is ranked worse than
87.01% of 1070 companies
in the Biotechnology industry
Industry Median: 0.145 vs XTAE:EVGN: 0.96

Evogene Debt-to-Equity Historical Data

The historical data trend for Evogene'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.

Evogene Debt-to-Equity Chart

Evogene Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.05

0.43

0.96

Evogene Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.54	0.83	0.62	0.96

Competitive Comparison of Evogene's Debt-to-Equity

For the Biotechnology subindustry, Evogene'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.

Evogene's Debt-to-Equity Distribution in the Biotechnology Industry

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

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

Evogene Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Evogene'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
	=	(3.185	+	39.78)	/	45.008
	=	0.95

Evogene'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
	=	(3.185	+	39.78)	/	45.008
	=	0.95

Evogene (XTAE:EVGN) 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.

Evogene Debt-to-Equity Related Terms

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Evogene (XTAE:EVGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Evogene Ltd (XTAE:EVGN) » Definitions » Debt-to-Equity

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EVGN:USA

Address

13 Gad Feinstein Street, Park Rehovot, P.O. Box 4173, Ness Ziona, Rehovot, ISR, 7414002

Website

https://www.evogene.com

Evogene Ltd is a computational biology company targeting to revolutionize product development for life-science based industries, including human health, agriculture, and industrial applications. The company established its technology, the Computational Predictive Biology (CPB) platform. The CPB platform is designed to computationally discover and develop life-science products based on microbes, small molecules and genetic elements as the core components for such products. It holds a number of subsidiaries utilizing the CPB platform, for the development of human microbiome-based therapeutics, medical cannabis, ag-biologicals, ag-chemicals, seed traits and ag-solutions for castor oil production. It generates maximum revenue from the Agriculture segment.