MicroSalt (LSE:SALT) Debt-to-Equity : -3.74 (As of Jun. 2023)

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What is MicroSalt Debt-to-Equity?

MicroSalt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. MicroSalt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £1.10 Mil. MicroSalt's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £-0.29 Mil. MicroSalt's debt to equity for the quarter that ended in Jun. 2023 was -3.74.

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

LSE:SALT' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.74 Med: 0.83 Max: 6.62
Current: -3.74

During the past 3 years, the highest Debt-to-Equity Ratio of MicroSalt was 6.62. The lowest was -3.74. And the median was 0.83.

LSE:SALT's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs LSE:SALT: -3.74

MicroSalt Debt-to-Equity Historical Data

The historical data trend for MicroSalt'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.

MicroSalt Debt-to-Equity Chart

MicroSalt Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

6.62

-1.10

2.75

MicroSalt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	6.62	-1.10	N/A	2.75	-3.74

Competitive Comparison of MicroSalt's Debt-to-Equity

For the Packaged Foods subindustry, MicroSalt'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.

MicroSalt's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MicroSalt's Debt-to-Equity distribution charts can be found below:

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

MicroSalt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MicroSalt's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0	+	0.14)	/	0.051
	=	2.75

MicroSalt's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	1.095)	/	-0.293
	=	-3.74

MicroSalt (LSE:SALT) 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.

MicroSalt Debt-to-Equity Related Terms

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

MicroSalt (LSE:SALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MicroSalt PLC (LSE:SALT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 New Fetter Lane, London, GBR, EC4A 1JP

Website

https://www.microsaltinc.com

MicroSalt Plc is a company that has developed a patent protected and scalable manufacturing process that produces a salt crystal that is approximately hundred times smaller than traditional salt, with an average size of less than twenty microns. It allows consumers to reduce their sodium intake by half without compromising on flavor.

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