Matrix IT (XTAE:MTRX) Debt-to-Equity : 1.12 (As of Dec. 2023)

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What is Matrix IT Debt-to-Equity?

Matrix IT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪597 Mil. Matrix IT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪575 Mil. Matrix IT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪1,049 Mil. Matrix IT's debt to equity for the quarter that ended in Dec. 2023 was 1.12.

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

XTAE:MTRX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 0.98 Max: 1.53
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Matrix IT was 1.53. The lowest was 0.65. And the median was 0.98.

XTAE:MTRX's Debt-to-Equity is ranked worse than
86.74% of 2224 companies
in the Software industry
Industry Median: 0.21 vs XTAE:MTRX: 1.12

Matrix IT Debt-to-Equity Historical Data

The historical data trend for Matrix IT'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.

Matrix IT Debt-to-Equity Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.39

1.31

1.28

1.53

1.12

Matrix IT 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															1.53	1.46	1.34	1.24	1.12

Competitive Comparison of Matrix IT's Debt-to-Equity

For the Software - Application subindustry, Matrix IT'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.

Matrix IT's Debt-to-Equity Distribution in the Software Industry

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

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

Matrix IT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Matrix IT'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
	=	(597.222	+	574.764)	/	1048.587
	=	1.12

Matrix IT'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
	=	(597.222	+	574.764)	/	1048.587
	=	1.12

Matrix IT (XTAE:MTRX) 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.

Matrix IT Debt-to-Equity Related Terms

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Matrix IT (XTAE:MTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.