Maytronics (XTAE:MTRN) Debt-to-Equity : 1.17 (As of Jun. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Maytronics Debt-to-Equity?

Maytronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₪542 Mil. Maytronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₪402 Mil. Maytronics's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₪804 Mil. Maytronics's debt to equity for the quarter that ended in Jun. 2024 was 1.17.

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

XTAE:MTRN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.54 Max: 1.51
Current: 1.17

During the past 12 years, the highest Debt-to-Equity Ratio of Maytronics was 1.51. The lowest was 0.06. And the median was 0.54.

XTAE:MTRN's Debt-to-Equity is ranked worse than
89.36% of 2190 companies
in the Hardware industry
Industry Median: 0.29 vs XTAE:MTRN: 1.17

Maytronics Debt-to-Equity Historical Data

The historical data trend for Maytronics'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.

Maytronics Debt-to-Equity Chart

Maytronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.49

0.64

0.84

1.30

1.31

Maytronics Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.14	1.14	1.31	1.35	1.17

Competitive Comparison of Maytronics's Debt-to-Equity

For the Consumer Electronics subindustry, Maytronics'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.

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

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

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

Maytronics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maytronics'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
	=	(672.772	+	323.046)	/	758.224
	=	1.31

Maytronics's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(541.685	+	401.737)	/	804.258
	=	1.17

Maytronics (XTAE:MTRN) 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.

Maytronics Debt-to-Equity Related Terms

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

Maytronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maytronics Ltd (XTAE:MTRN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Kibbutz Yizreel, Jezreel, ISR, 19350

Website

https://www.maytronics.co.il

Maytronics Ltd is an Israel-based company which provides a complete solution for swimming pool care. It delivers automatic pool cleaners, environment-friendly water treatment systems, and pool safety products to residential and commercial swimming pool owners and operators across the world. The company's product brands are Dolphin line of robotic pool cleaners, the AQUAlife pool covers and Aqualarm and Espio pool alarms. Its operating segment includes Manufacturing of private pool cleaning robots as a key revenue driver; Manufacturing of public pool cleaning robots and Safety products and related pool products.