Sofwave Medical (XTAE:SOFW) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Sofwave Medical Debt-to-Equity?

Sofwave Medical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2.1 Mil. Sofwave Medical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2.9 Mil. Sofwave Medical's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪98.2 Mil. Sofwave Medical's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

XTAE:SOFW' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.04 Med: 0.05 Max: 0.06
Current: 0.05

During the past 6 years, the highest Debt-to-Equity Ratio of Sofwave Medical was 0.06. The lowest was -0.04. And the median was 0.05.

XTAE:SOFW's Debt-to-Equity is ranked better than
80.09% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.215 vs XTAE:SOFW: 0.05

Sofwave Medical Debt-to-Equity Historical Data

The historical data trend for Sofwave 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.

Sofwave Medical Debt-to-Equity Chart

Sofwave Medical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.05

0.06

0.05

Sofwave Medical Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.05	0.06	0.06	0.06	0.05

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

For the Medical Devices subindustry, Sofwave 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.

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

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

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

Sofwave Medical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sofwave 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
	=	(2.096	+	2.86)	/	98.244
	=	0.05

Sofwave Medical'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
	=	(2.096	+	2.86)	/	98.244
	=	0.05

Sofwave Medical (XTAE:SOFW) 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.

Sofwave Medical Debt-to-Equity Related Terms

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

Sofwave Medical (XTAE:SOFW) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oak Medtech, Tavor, Alon Medtech Venture, Yokneam Illit, ISR, 2069200

Website

https://sofwave.com

Sofwave Medical Ltd is engaged in the development, marketing, and production of non-invasive technology for skin rejuvenation and firming treatment.

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