Ilex Medical (XTAE:ILX) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Ilex Medical Debt-to-Equity?

Ilex Medical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪10.7 Mil. Ilex Medical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪39.4 Mil. Ilex Medical's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪621.8 Mil. Ilex Medical's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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

XTAE:ILX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.3 Max: 1.53
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Ilex Medical was 1.53. The lowest was 0.08. And the median was 0.30.

XTAE:ILX's Debt-to-Equity is ranked better than
72.39% of 699 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs XTAE:ILX: 0.08

Ilex Medical Debt-to-Equity Historical Data

The historical data trend for Ilex Medical'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.

Ilex Medical Debt-to-Equity Chart

Ilex Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.44

0.15

0.10

0.08

Ilex Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.08

Competitive Comparison of Ilex Medical's Debt-to-Equity

For the Medical Devices subindustry, Ilex Medical'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.

Ilex Medical's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ilex Medical's Debt-to-Equity distribution charts can be found below:

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

Ilex Medical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ilex Medical'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
	=	(11.88	+	36.385)	/	623.506
	=	0.08

Ilex Medical's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(10.664	+	39.372)	/	621.758
	=	0.08

Ilex Medical (XTAE:ILX) 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.

Ilex Medical Debt-to-Equity Related Terms

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

Ilex Medical (XTAE:ILX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ilex Medical Ltd (XTAE:ILX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kodak Building, 7 Hatnufa Street, PO Box 3156, Kiriat Arie Industrial Park, Petah Tikva, ISR, 4951025

Website

http://www.ilexmedical.com

Ilex Medical Ltd is an Israel based company engages in the marketing and distribution of diagnostic products and other medical laboratory information systems. It offers in-vitro diagnostic equipment, reagents, laboratory management software, blood bank diagnostic kits, and diagnostic support services to the healthcare sector in Israel.

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