Orbit Technologies (XTAE:ORBI) Debt-to-Equity : 0.12 (As of Jun. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Orbit Technologies Debt-to-Equity?

Orbit Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₪0.0 Mil. Orbit Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₪33.9 Mil. Orbit Technologies's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₪273.3 Mil. Orbit Technologies's debt to equity for the quarter that ended in Jun. 2023 was 0.12.

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

XTAE:ORBI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.26 Max: 0.35
Current: 0.12

During the past 7 years, the highest Debt-to-Equity Ratio of Orbit Technologies was 0.35. The lowest was 0.12. And the median was 0.26.

XTAE:ORBI's Debt-to-Equity is ranked better than
79.46% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs XTAE:ORBI: 0.12

Orbit Technologies Debt-to-Equity Historical Data

The historical data trend for Orbit Technologies'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.

Orbit Technologies Debt-to-Equity Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.27

0.26

N/A

0.26

0.16

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial						N/A	N/A	0.16	0.13	0.12

Competitive Comparison of Orbit Technologies's Debt-to-Equity

For the Aerospace & Defense subindustry, Orbit Technologies'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.

Orbit Technologies's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Orbit Technologies's Debt-to-Equity distribution charts can be found below:

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

Orbit Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orbit Technologies'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
	=	(4.04	+	36.652)	/	256.066
	=	0.16

Orbit Technologies'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	+	33.945)	/	273.334
	=	0.12

Orbit Technologies (XTAE:ORBI) 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.

Orbit Technologies Debt-to-Equity Related Terms

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

Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

Orbit Technologies (XTAE:ORBI) Headlines

No Headlines